ROI Financial Advisors LLC Sells 3,790 Shares of Canadian National Railway Company $CNI

ROI Financial Advisors LLC lessened its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 44.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,703 shares of the transportation company’s stock after selling 3,790 shares during the quarter. ROI Financial Advisors LLC’s holdings in Canadian National Railway were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Canadian National Railway by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company’s stock worth $2,254,370,000 after purchasing an additional 179,261 shares during the period. TD Asset Management Inc increased its position in Canadian National Railway by 2.3% in the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after buying an additional 273,974 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Canadian National Railway by 6.0% in the first quarter. 1832 Asset Management L.P. now owns 11,243,512 shares of the transportation company’s stock worth $1,095,793,000 after buying an additional 636,147 shares during the period. Mackenzie Financial Corp lifted its position in shares of Canadian National Railway by 6.3% during the 1st quarter. Mackenzie Financial Corp now owns 8,571,806 shares of the transportation company’s stock valued at $834,129,000 after buying an additional 505,588 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Canadian National Railway by 20.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock valued at $646,983,000 after buying an additional 1,148,569 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.3%

Shares of CNI stock opened at $96.01 on Thursday. The company’s fifty day simple moving average is $94.99 and its two-hundred day simple moving average is $98.66. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $114.13. The stock has a market cap of $59.40 billion, a P/E ratio of 18.46, a PEG ratio of 2.13 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 earnings per share. Analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.8875 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 annualized dividend and a dividend yield of 3.7%. Canadian National Railway’s payout ratio is currently 48.96%.

Analysts Set New Price Targets

CNI has been the topic of a number of recent analyst reports. Susquehanna raised their target price on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research note on Monday. Citigroup raised their price objective on shares of Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI lifted their target price on shares of Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a research note on Monday. National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average target price of $114.00.

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.