Canadian National Railway (NYSE:CNI) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC trimmed its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 99.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,521 shares of the transportation company’s stock after selling 176,593 shares during the period. Pathway Financial Advisers LLC’s holdings in Canadian National Railway were worth $154,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CNI. Fortitude Family Office LLC increased its holdings in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway during the fourth quarter worth $30,000. Coastline Trust Co acquired a new stake in shares of Canadian National Railway in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 valued at $34,000 after buying an additional 108 shares during the period. Finally, Reston Wealth Management LLC acquired a new position in Canadian National Railway during the 3rd quarter worth about $41,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CNI. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Stephens reaffirmed an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $102.56 on Friday. The stock’s 50-day simple moving average is $103.12 and its 200-day simple moving average is $109.93. The firm has a market capitalization of $64.49 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities research analysts forecast that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

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

Canadian National Railway Company 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.