B. Riley Wealth Advisors Inc. Decreases Holdings in Canadian National Railway (NYSE:CNI)

B. Riley Wealth Advisors Inc. reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,087 shares of the transportation company’s stock after selling 486 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Canadian National Railway were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Synovus Financial Corp boosted its position in Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after purchasing an additional 6,261 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Canadian National Railway by 115.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company’s stock worth $513,000 after buying an additional 2,346 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Canadian National Railway by 5.0% in the third quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company’s stock worth $4,712,000 after buying an additional 1,903 shares during the last quarter. Advisory Resource Group grew its position in Canadian National Railway by 13.4% during the third quarter. Advisory Resource Group now owns 8,391 shares of the transportation company’s stock valued at $983,000 after buying an additional 989 shares during the period. Finally, Unigestion Holding SA increased its holdings in Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after buying an additional 120,687 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNI. Susquehanna cut their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Barclays raised their price objective on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating and cut their price objective for the company from $129.00 to $122.00 in a research note on Friday, October 4th. Finally, The Goldman Sachs Group decreased their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average price target of $125.86.

Canadian National Railway Trading Down 0.8 %

Shares of CNI stock opened at $100.62 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $63.30 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 12-month low of $100.32 and a 12-month high of $134.02. The stock’s 50-day moving average price is $109.65 and its 200-day moving average price is $114.71.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. Equities research analysts predict that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.43%. Canadian National Railway’s dividend payout ratio (DPR) is currently 38.14%.

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.