United Capital Financial Advisors LLC Sells 184 Shares of Canadian National Railway (NYSE:CNI)

United Capital Financial Advisors LLC decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,188 shares of the transportation company’s stock after selling 184 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Canadian National Railway were worth $628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Canadian National Railway by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock valued at $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Canadian National Railway by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock worth $1,194,443,000 after acquiring an additional 309,210 shares during the period. Fiera Capital Corp raised its stake in Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock valued at $570,550,000 after buying an additional 142,070 shares during the last quarter. Norges Bank purchased a new stake in Canadian National Railway during the fourth quarter valued at $563,048,000. Finally, CIBC Asset Management Inc lifted its stake in shares of Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after purchasing an additional 571,967 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE CNI opened at $99.21 on Monday. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $130.63. The firm’s 50 day moving average price is $98.99 and its 200-day moving average price is $104.22. The company has a market cap of $62.35 billion, a PE ratio of 19.38, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its 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 net margin of 26.09% and a return on equity of 22.48%. Sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is presently 47.66%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Bank of America dropped their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Susquehanna lowered their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus dropped their target price on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Citigroup cut their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.36.

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.