Blair William & Co. IL Sells 158 Shares of Canadian National Railway Company $CNI

Blair William & Co. IL decreased its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,746 shares of the transportation company’s stock after selling 158 shares during the period. Blair William & Co. IL’s holdings in Canadian National Railway were worth $4,759,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Canadian National Railway by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company’s stock valued at $2,254,370,000 after purchasing an additional 179,261 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Canadian National Railway by 0.3% during the 1st quarter. TD Asset Management Inc now owns 11,798,566 shares of the transportation company’s stock valued at $1,148,008,000 after purchasing an additional 30,066 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Canadian National Railway by 6.0% during the 1st quarter. 1832 Asset Management L.P. now owns 11,243,512 shares of the transportation company’s stock valued at $1,095,793,000 after purchasing an additional 636,147 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Canadian National Railway by 6.3% during the 1st quarter. Mackenzie Financial Corp now owns 8,571,806 shares of the transportation company’s stock valued at $834,129,000 after purchasing an additional 505,588 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted 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 valued at $646,983,000 after purchasing an additional 1,148,569 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.0%

Shares of Canadian National Railway stock opened at $94.51 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a market capitalization of $58.67 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. Canadian National Railway Company has a 52-week low of $91.07 and a 52-week high of $116.79. The company has a 50-day simple moving average of $94.54 and a two-hundred day simple moving average of $98.94.

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 the consensus estimate of $1.37 by ($0.02). The firm had revenue of $3.14 billion during 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 firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. On average, analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s payout ratio is 50.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CNI shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. National Bank Financial cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Argus raised shares of Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.30.

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.