Keybank National Association OH reduced its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,487 shares of the transportation company’s stock after selling 1,104 shares during the quarter. Keybank National Association OH’s holdings in Canadian National Railway were worth $3,099,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Prime Capital Investment Advisors LLC acquired a new stake in Canadian National Railway during the second quarter worth about $34,000. Moneta Group Investment Advisors LLC grew its position in Canadian National Railway by 1,676.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 5,366 shares of the transportation company’s stock worth $37,000 after buying an additional 5,064 shares in the last quarter. CWM LLC grew its position in Canadian National Railway by 96.0% during the second quarter. CWM LLC now owns 437 shares of the transportation company’s stock worth $40,000 after buying an additional 214 shares in the last quarter. Griffin Asset Management Inc. acquired a new stake in Canadian National Railway during the second quarter worth about $46,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Canadian National Railway by 45.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 572 shares of the transportation company’s stock worth $51,000 after buying an additional 178 shares in the last quarter. 53.26% of the stock is currently owned by institutional investors.
CNI traded down $0.17 during midday trading on Friday, reaching $94.64. 799,491 shares of the company’s stock were exchanged, compared to its average volume of 879,536. The firm has a market capitalization of $68.03 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.06 and a beta of 1.01. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.65. Canadian National Railway has a one year low of $70.36 and a one year high of $96.49. The business has a 50-day simple moving average of $88.64 and a two-hundred day simple moving average of $91.55.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.406 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, December 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.18%.
A number of equities research analysts recently weighed in on the company. Credit Suisse Group lifted their target price on Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Stephens cut shares of Canadian National Railway from an “overweight” rating to an “equal” rating and cut their price target for the stock from $100.00 to $97.00 in a research note on Tuesday, October 1st. Scotiabank cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 2nd. Raymond James cut shares of Canadian National Railway from an “outperform” rating to a “hold” rating in a research note on Friday, September 13th. Finally, ValuEngine cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $102.59.
Canadian National Railway Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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