Forte Capital LLC ADV Reduces Holdings in Canadian National Railway (NYSE:CNI)

Forte Capital LLC ADV lowered its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,825 shares of the transportation company’s stock after selling 100 shares during the period. Forte Capital LLC ADV’s holdings in Canadian National Railway were worth $983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. JFS Wealth Advisors LLC grew its stake in shares of Canadian National Railway by 241.1% in 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 grew its stake in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after purchasing an additional 202 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at about $46,000. Rational Advisors LLC acquired a new stake in shares of Canadian National Railway in the 3rd quarter worth $41,000. Finally, Crewe Advisors LLC acquired a new position in Canadian National Railway during the third quarter worth $43,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

CNI has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. TD Securities downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna boosted their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Finally, Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Seventeen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $149.05.

Canadian National Railway Trading Up 1.3 %

Shares of NYSE CNI traded up $1.58 during mid-day trading on Friday, hitting $123.54. 795,232 shares of the company traded hands, compared to its average volume of 1,073,122. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The business has a 50 day moving average of $128.73 and a two-hundred day moving average of $122.82. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $78.90 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.14 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.02%. Canadian National Railway’s dividend payout ratio is presently 40.03%.

Canadian National Railway 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.