PDS Planning Inc Sells 303 Shares of Canadian National Railway (NYSE:CNI)

PDS Planning Inc trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,542 shares of the transportation company’s stock after selling 303 shares during the quarter. PDS Planning Inc’s holdings in Canadian National Railway were worth $532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in Canadian National Railway by 19.4% during the 1st quarter. Private Advisor Group LLC now owns 10,263 shares of the transportation company’s stock valued at $1,352,000 after purchasing an additional 1,671 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Canadian National Railway in the 1st quarter worth about $64,000. Jennison Associates LLC lifted its position in Canadian National Railway by 22.6% in the 1st quarter. Jennison Associates LLC now owns 141,943 shares of the transportation company’s stock valued at $18,695,000 after acquiring an additional 26,204 shares in the last quarter. Whittier Trust Co. boosted its stake in Canadian National Railway by 7.8% during the 1st quarter. Whittier Trust Co. now owns 3,768 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 273 shares during the last quarter. Finally, Callan Capital LLC raised its stake in shares of Canadian National Railway by 44.2% in the first quarter. Callan Capital LLC now owns 2,486 shares of the transportation company’s stock worth $327,000 after purchasing an additional 762 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.2 %

Shares of Canadian National Railway stock opened at $108.00 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $67.91 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 52-week low of $107.54 and a 52-week high of $134.02. The stock’s 50-day simple moving average is $115.20 and its 200 day simple moving average is $118.57.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $1.26 EPS. Canadian National Railway’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.26%. Canadian National Railway’s payout ratio is 39.26%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CNI shares. Stephens reaffirmed an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on shares of Canadian National Railway from $125.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a research report on Monday, October 7th. Finally, Barclays lifted their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $125.18.

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.