Wambolt & Associates LLC Lowers Stock Holdings in Canadian National Railway (NYSE:CNI)

Wambolt & Associates LLC cut its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,380 shares of the transportation company’s stock after selling 746 shares during the quarter. Wambolt & Associates LLC’s holdings in Canadian National Railway were worth $1,663,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. grew its holdings in Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 139 shares during the period. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Canadian National Railway by 5.0% during the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock valued at $335,000 after purchasing an additional 156 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

NYSE CNI opened at $98.73 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The business’s fifty day moving average is $101.24 and its 200 day moving average is $106.99. The company has a market capitalization of $62.04 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 47.66%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Susquehanna reduced their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of $124.19.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.