Canadian National Railway (NYSE:CNI) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,883 shares of the transportation company’s stock after selling 400 shares during the period. J. W. Coons Advisors LLC’s holdings in Canadian National Railway were worth $1,003,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares during the period. National Bank of Canada FI lifted its position in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Fiera Capital Corp lifted its position in Canadian National Railway by 2.6% in the fourth quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock worth $570,550,000 after purchasing an additional 142,070 shares during the period. CIBC Asset Management Inc lifted its position in Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after purchasing an additional 571,967 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Canadian National Railway by 5.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after purchasing an additional 202,303 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.1 %

NYSE CNI opened at $103.98 on Monday. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $65.33 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The firm’s fifty day simple moving average is $102.64 and its 200-day simple moving average is $109.40.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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 return on equity of 22.48% and a net margin of 26.09%. As a group, sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is 46.68%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CNI. Susquehanna dropped their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

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.