Broderick Brian C Has $8.17 Million Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Broderick Brian C decreased its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 18.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,818 shares of the transportation company’s stock after selling 18,974 shares during the period. Canadian National Railway accounts for about 1.7% of Broderick Brian C’s portfolio, making the stock its 24th biggest position. Broderick Brian C’s holdings in Canadian National Railway were worth $8,169,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Shell Asset Management Co. boosted its position in shares of Canadian National Railway by 0.5% during the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock worth $2,171,000 after purchasing an additional 100 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock worth $34,000 after buying an additional 106 shares during the period. Voya Investment Management LLC boosted its holdings in Canadian National Railway by 1.4% in the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock worth $807,000 after acquiring an additional 112 shares in the last quarter. Gradient Investments LLC grew its stake in Canadian National Railway by 2.1% in the first quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company’s stock valued at $527,000 after acquiring an additional 112 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in Canadian National Railway by 4.2% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 2.6%

CNI stock opened at $102.03 on Wednesday. The stock has a market cap of $64.06 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.95 and a beta of 0.98. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $102.24 and its two-hundred day simple moving average is $101.77. Canadian National Railway Company has a 1-year low of $91.65 and a 1-year high of $123.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 EPS. Analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.8875 dividend. This represents a yield of 2.47%. This is a boost from Canadian National Railway’s previous dividend of $0.29. The ex-dividend date is Monday, June 9th. Canadian National Railway’s payout ratio is presently 50.49%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNI. Stephens increased their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group reduced their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Barclays lowered their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Finally, Susquehanna upgraded Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price target for the company in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of $120.36.

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.