Compound Planning Inc. Cuts Stock Position in Canadian National Railway Company $CNI

Compound Planning Inc. decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 14.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,271 shares of the transportation company’s stock after selling 396 shares during the quarter. Compound Planning Inc.’s holdings in Canadian National Railway were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Shell Asset Management Co. lifted its holdings in Canadian National Railway by 0.5% during the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock worth $2,171,000 after buying an additional 100 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 106 shares in the last quarter. Heartland Advisors Inc. boosted its holdings in Canadian National Railway by 0.9% in the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 108 shares during the period. Voya Investment Management LLC grew its stake in Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock worth $807,000 after purchasing an additional 112 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in Canadian National Railway by 2.1% during the 1st quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company’s stock worth $527,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.2%

Shares of NYSE:CNI opened at $96.06 on Friday. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $121.12. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $98.57 and its 200-day simple moving average is $100.05. The company has a market cap of $59.97 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.16 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $1.84 earnings per share. As a group, equities research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be issued a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway’s dividend payout ratio is 49.81%.

Analyst Ratings Changes

CNI has been the subject of several recent research reports. Barclays decreased their price objective on Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Bank of America boosted their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, July 23rd. Royal Bank Of Canada decreased their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $118.36.

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.