Canadian National Railway (NYSE:CNI) Shares Sold by PDS Planning Inc

PDS Planning Inc trimmed its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,210 shares of the transportation company’s stock after selling 332 shares during the quarter. PDS Planning Inc’s holdings in Canadian National Railway were worth $427,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway in the 4th quarter valued at $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Canadian National Railway in the 4th quarter valued at $59,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNI. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 10th. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Finally, Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $97.50 on Wednesday. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm’s 50-day simple moving average is $101.53 and its 200 day simple moving average is $107.56. The firm has a market capitalization of $61.27 billion, a PE ratio of 19.04, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities research analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.53%. Canadian National Railway’s payout ratio is presently 47.66%.

About Canadian National Railway

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.