UMB Bank n.a. Decreases Stake in Canadian National Railway Company $CNI

UMB Bank n.a. lowered its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 54.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 674 shares of the transportation company’s stock after selling 790 shares during the quarter. UMB Bank n.a.’s holdings in Canadian National Railway were worth $70,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CNI. Kingstone Capital Partners Texas LLC bought a new stake in Canadian National Railway during the second quarter worth $310,489,000. The Manufacturers Life Insurance Company grew its stake in Canadian National Railway by 37.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock valued at $518,260,000 after purchasing an additional 1,439,617 shares during the period. Nuveen LLC purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at $112,216,000. Price T Rowe Associates Inc. MD raised its stake in shares of Canadian National Railway by 20.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock worth $646,983,000 after purchasing an additional 1,148,569 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Canadian National Railway by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after buying an additional 755,518 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Up 0.3%

NYSE:CNI opened at $92.42 on Friday. The company has a market cap of $57.37 billion, a P/E ratio of 17.77, a P/E/G ratio of 2.12 and a beta of 0.94. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $118.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The stock’s fifty day moving average price is $94.78 and its two-hundred day moving average price is $99.12.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. As a group, analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a $0.6507 dividend. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. Canadian National Railway’s payout ratio is currently 50.19%.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of research analyst reports. Argus upgraded shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Barclays dropped their price objective on Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Susquehanna decreased their target price on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $117.94.

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.