L. Roy Papp & Associates LLP Cuts Stock Position in Canadian National Railway (NYSE:CNI)

L. Roy Papp & Associates LLP lowered its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 139,282 shares of the transportation company’s stock after selling 1,598 shares during the period. Canadian National Railway comprises about 1.7% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 17th biggest position. L. Roy Papp & Associates LLP’s holdings in Canadian National Railway were worth $14,139,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Grove Bank & Trust raised its holdings in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after purchasing an additional 97 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Catalytic Wealth RIA LLC boosted its position in shares of Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after purchasing an additional 123 shares in the last quarter. Harrington Investments INC grew its stake in shares of Canadian National Railway by 0.6% in the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock worth $2,384,000 after buying an additional 130 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in Canadian National Railway by 3.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock valued at $513,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI stock opened at $102.85 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02. The company has a market cap of $64.67 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The stock’s fifty day moving average price is $103.38 and its 200-day moving average price is $110.07.

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 the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts forecast that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.40%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s payout ratio is 46.68%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNI shares. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Stephens restated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Finally, Royal Bank of Canada cut their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus 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.