Dillon & Associates Inc. Sells 2,812 Shares of Canadian National Railway (NYSE:CNI)

Dillon & Associates Inc. lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,589 shares of the transportation company’s stock after selling 2,812 shares during the period. Canadian National Railway makes up approximately 1.1% of Dillon & Associates Inc.’s holdings, making the stock its 27th largest position. Dillon & Associates Inc.’s holdings in Canadian National Railway were worth $8,016,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNI. Vanguard Group Inc. boosted its stake in shares of Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock worth $2,334,251,000 after acquiring an additional 101,228 shares during the last quarter. Guardian Partners Inc. bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $23,468,000. Hillsdale Investment Management Inc. grew its holdings in Canadian National Railway by 219.1% during the 4th quarter. Hillsdale Investment Management Inc. now owns 57,717 shares of the transportation company’s stock valued at $5,854,000 after purchasing an additional 39,627 shares during the last quarter. Sei Investments Co. grew its holdings in Canadian National Railway by 2.0% during the 4th quarter. Sei Investments Co. now owns 375,801 shares of the transportation company’s stock valued at $38,148,000 after purchasing an additional 7,461 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Canadian National Railway by 6.7% during the 4th quarter. American Century Companies Inc. now owns 147,878 shares of the transportation company’s stock valued at $15,017,000 after purchasing an additional 9,340 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI stock opened at $96.71 on Monday. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.73. 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 stock has a 50 day moving average of $101.27 and a two-hundred day moving average of $107.13. The company has a market capitalization of $60.77 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results 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 net margin of 26.09% and a return on equity of 22.48%. As a group, equities analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date 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 dividend yield of 2.55%. Canadian National Railway’s payout ratio is 47.66%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Two 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, 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.