K.J. Harrison & Partners Inc Trims Holdings in Canadian National Railway Company $CNI

K.J. Harrison & Partners Inc decreased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 23.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,981 shares of the transportation company’s stock after selling 6,500 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Canadian National Railway were worth $2,155,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. High Point Wealth Management LLC acquired a new position in Canadian National Railway in the 4th quarter worth approximately $27,000. MidFirst Bank acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $31,000. Curio Wealth LLC purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Canadian National Railway by 378.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after acquiring an additional 280 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of Canadian National Railway in the first quarter worth $37,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Sanford C. Bernstein upped their target price on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. National Bank Financial set a $124.00 target price on Canadian National Railway in a report on Thursday, June 25th. Finally, Bank of America lifted their price target on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.12.

Canadian National Railway Stock Down 0.0%

CNI stock opened at $121.51 on Friday. The firm has a market cap of $73.72 billion, a PE ratio of 22.09, a P/E/G ratio of 2.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm’s fifty day moving average is $116.00 and its 200 day moving average is $107.78. Canadian National Railway Company has a one year low of $90.74 and a one year high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 EPS. On average, research analysts forecast that Canadian National Railway Company will post 5.75 EPS for the current year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a $0.915 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. Canadian National Railway’s payout ratio is 48.55%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.