Canadian National Railway Company $CNI Position Trimmed by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,920 shares of the transportation company’s stock after selling 4,943 shares during the period. Royal London Asset Management Ltd.’s holdings in Canadian National Railway were worth $12,511,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. FIL Ltd increased its stake in Canadian National Railway by 49.5% in the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after buying an additional 5,210,403 shares during the period. Caisse de depot et placement du Quebec boosted its stake in shares of Canadian National Railway by 1.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock valued at $1,310,600,000 after buying an additional 157,000 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Canadian National Railway by 2.0% during the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after buying an additional 173,894 shares during the period. Deutsche Bank AG grew its holdings in shares of Canadian National Railway by 15.1% during the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after acquiring an additional 1,182,106 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Canadian National Railway by 3.1% during the 4th quarter. Mackenzie Financial Corp now owns 8,894,923 shares of the transportation company’s stock valued at $882,039,000 after acquiring an additional 268,776 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.0%

Canadian National Railway stock opened at $124.81 on Tuesday. The company has a market capitalization of $75.53 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.35 and a beta of 0.95. The firm’s fifty day simple moving average is $125.40 and its 200-day simple moving average is $115.81. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. Canadian National Railway’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. Sell-side analysts forecast that Canadian National Railway Company will post 5.81 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. National Bank Financial set a $124.00 target price on Canadian National Railway in a research note on Thursday, June 25th. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research report on Thursday, June 25th. Royal Bank Of Canada raised their price target on Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Wells Fargo & Company raised their price target on Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus price target of $137.40.

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.