Capital International Investors Sells 469,639 Shares of Canadian National Railway Company $CNI

Capital International Investors decreased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,035,944 shares of the transportation company’s stock after selling 469,639 shares during the period. Capital International Investors owned approximately 1.63% of Canadian National Railway worth $945,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNI. Bank of Montreal Can increased its position in Canadian National Railway by 0.3% during the third quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock worth $1,338,948,000 after acquiring an additional 42,907 shares during the period. Banque Cantonale Vaudoise boosted its holdings in Canadian National Railway by 89.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 5,110 shares of the transportation company’s stock valued at $482,000 after purchasing an additional 2,412 shares during the period. LGT Group Foundation boosted its holdings in Canadian National Railway by 7.1% in the 3rd quarter. LGT Group Foundation now owns 126,125 shares of the transportation company’s stock valued at $11,937,000 after purchasing an additional 8,405 shares during the period. Guardian Partners Inc. grew its position in shares of Canadian National Railway by 0.8% during the 3rd quarter. Guardian Partners Inc. now owns 237,954 shares of the transportation company’s stock worth $22,531,000 after purchasing an additional 1,823 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Canadian National Railway by 9.2% during the 3rd quarter. First Trust Advisors LP now owns 409,077 shares of the transportation company’s stock worth $38,576,000 after purchasing an additional 34,314 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $106.42 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The company has a market cap of $65.25 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The company has a 50 day moving average of $103.30 and a 200-day moving average of $98.37. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $113.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the firm posted $1.82 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio is 46.59%.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of analyst reports. Barclays dropped their price target on shares of Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Citigroup reduced their price target on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Royal Bank Of Canada cut their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.91.

Canadian National Railway 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.