Oppenheimer Asset Management Inc. Sells 452 Shares of Canadian National Railway (NYSE:CNI)

Oppenheimer Asset Management Inc. decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,919 shares of the transportation company’s stock after selling 452 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Canadian National Railway were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Canadian National Railway by 310.5% in the third quarter. Farther Finance Advisors LLC now owns 1,404 shares of the transportation company’s stock worth $164,000 after buying an additional 1,062 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Canadian National Railway by 4.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 128,771 shares of the transportation company’s stock worth $15,086,000 after acquiring an additional 5,301 shares during the last quarter. Van ECK Associates Corp raised its holdings in Canadian National Railway by 45.0% in the 3rd quarter. Van ECK Associates Corp now owns 233,110 shares of the transportation company’s stock worth $26,126,000 after acquiring an additional 72,320 shares during the last quarter. Northstar Asset Management Inc. lifted its position in Canadian National Railway by 1.2% in the 3rd quarter. Northstar Asset Management Inc. now owns 96,462 shares of the transportation company’s stock valued at $11,301,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in Canadian National Railway during the 3rd quarter valued at $316,000. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNI. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. Susquehanna lowered their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Bank of America dropped their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Trading Down 3.0 %

NYSE:CNI opened at $98.28 on Tuesday. Canadian National Railway has a one year low of $98.18 and a one year high of $134.02. The business has a fifty day moving average price of $102.45 and a 200-day moving average price of $108.94. The firm has a market capitalization of $61.75 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.51%. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.66%.

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.