Canadian National Railway Company $CNI Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 51.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,677 shares of the transportation company’s stock after selling 16,655 shares during the quarter. Shell Asset Management Co.’s holdings in Canadian National Railway were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Creative Financial Designs Inc. ADV raised its holdings in Canadian National Railway by 13.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock valued at $97,000 after buying an additional 110 shares during the period. D.A. Davidson & CO. increased its position in shares of Canadian National Railway by 5.3% in the second quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after acquiring an additional 119 shares in the last quarter. ICW Investment Advisors LLC raised its stake in shares of Canadian National Railway by 0.7% in the 3rd quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock valued at $1,558,000 after acquiring an additional 120 shares during the period. M&T Bank Corp lifted its holdings in shares of Canadian National Railway by 1.9% during the 2nd quarter. M&T Bank Corp now owns 6,629 shares of the transportation company’s stock valued at $690,000 after acquiring an additional 122 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in Canadian National Railway by 1.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,014 shares of the transportation company’s stock worth $661,000 after purchasing an additional 128 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CNI shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Evercore lowered their price objective on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research report on Monday, February 2nd. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Citigroup lowered their price target on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Finally, Barclays dropped their price target on shares of Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Stock Up 0.2%

Shares of NYSE:CNI opened at $107.55 on Monday. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $108.75. The company’s fifty day moving average is $99.48 and its two-hundred day moving average is $96.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. The stock has a market capitalization of $65.94 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. Equities analysts anticipate 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 Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.915 dividend. The ex-dividend date is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a dividend yield of 3.4%. Canadian National Railway’s dividend payout ratio (DPR) is 46.59%.

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.