TD Private Client Wealth LLC Reduces Stock Holdings in Canadian National Railway (NYSE:CNI)

TD Private Client Wealth LLC cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 767 shares of the transportation company’s stock after selling 117 shares during the quarter. TD Private Client Wealth LLC’s holdings in Canadian National Railway were worth $78,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $30,000. Lowe Brockenbrough & Co. Inc. raised its holdings in shares of 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 buying an additional 139 shares during the last quarter. Douglass Winthrop Advisors LLC lifted its stake in shares of Canadian National Railway by 2.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 1,036,068 shares of the transportation company’s stock worth $105,171,000 after buying an additional 24,145 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in shares of Canadian National Railway by 40.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 306,201 shares of the transportation company’s stock valued at $31,038,000 after buying an additional 88,447 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $249,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $98.43 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.73. The business’s 50 day moving average is $101.21 and its two-hundred day moving average is $106.88. The company has a market capitalization of $61.85 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal 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 paid a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is currently 47.66%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Susquehanna cut their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Profile

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.