Russell Investments Group Ltd. Cuts Stock Position in Canadian National Railway (NYSE:CNI)

Russell Investments Group Ltd. trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,279,322 shares of the transportation company’s stock after selling 171,105 shares during the period. Russell Investments Group Ltd. owned approximately 0.20% of Canadian National Railway worth $161,362,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. JFS Wealth Advisors LLC lifted its holdings in shares of Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after buying an additional 229 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after buying an additional 202 shares during the period. Rational Advisors LLC bought a new position in shares of Canadian National Railway during the 3rd quarter valued at $41,000. Crewe Advisors LLC bought a new position in shares of Canadian National Railway during the 3rd quarter valued at $43,000. Finally, Keener Financial Planning LLC bought a new position in Canadian National Railway in the 4th quarter worth $46,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CNI. CIBC cut Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. TD Securities cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Jefferies Financial Group started coverage on Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 price target on the stock. Stephens reissued an “equal weight” rating and set a $140.00 price target on shares of Canadian National Railway in a report on Wednesday. Finally, Citigroup raised their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Eighteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway Stock Up 0.4 %

NYSE:CNI traded up $0.45 during trading hours on Friday, reaching $125.23. The company’s stock had a trading volume of 847,446 shares, compared to its average volume of 1,025,080. The company has a market capitalization of $79.98 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.88. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60. The stock has a 50 day moving average price of $129.49 and a two-hundred day moving average price of $122.34.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Equities analysts predict that Canadian National Railway will post 5.92 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a yield of 2.00%. Canadian National Railway’s dividend payout ratio is currently 40.03%.

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.