Iii Gates William Henry Sells 221,529 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNRGet Rating) (NYSE:CNI) insider Iii Gates William Henry sold 221,529 shares of the stock in a transaction on Friday, May 6th. The stock was sold at an average price of C$150.34, for a total value of C$33,303,562.22. Following the completion of the transaction, the insider now directly owns 12,077,098 shares in the company, valued at C$1,815,610,527.83.

Iii Gates William Henry also recently made the following trade(s):

  • On Wednesday, May 4th, Iii Gates William Henry sold 191,122 shares of Canadian National Railway stock. The stock was sold at an average price of C$155.15, for a total value of C$29,652,215.17.
  • On Monday, May 2nd, Iii Gates William Henry sold 95,470 shares of Canadian National Railway stock. The stock was sold at an average price of C$151.32, for a total value of C$14,446,052.60.
  • On Friday, April 29th, Iii Gates William Henry sold 12,241 shares of Canadian National Railway stock. The stock was sold at an average price of C$155.58, for a total value of C$1,904,487.13.
  • On Wednesday, April 27th, Iii Gates William Henry sold 15,715 shares of Canadian National Railway stock. The shares were sold at an average price of C$154.26, for a total value of C$2,424,256.43.

TSE:CNR opened at C$144.31 on Tuesday. The company has a market capitalization of C$99.75 billion and a price-to-earnings ratio of 21.11. Canadian National Railway has a one year low of C$125.00 and a one year high of C$171.48. The stock has a 50-day simple moving average of C$159.92 and a 200 day simple moving average of C$159.17. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.47 and a current ratio of 0.84.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 9th will be paid a $0.7325 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $2.93 dividend on an annualized basis and a yield of 2.03%. Canadian National Railway’s dividend payout ratio (DPR) is 37.70%.

Several analysts recently issued reports on CNR shares. Sanford C. Bernstein lowered their price target on Canadian National Railway from C$168.00 to C$167.00 in a report on Wednesday, January 26th. UBS Group lowered their price target on Canadian National Railway from C$187.00 to C$184.00 and set a “buy” rating for the company in a report on Wednesday, April 27th. JPMorgan Chase & Co. started coverage on Canadian National Railway in a report on Thursday, March 10th. They issued a “hold” rating and a C$171.00 price target for the company. Argus upgraded Canadian National Railway to a “buy” rating and set a C$145.00 price target for the company in a report on Thursday, February 17th. Finally, Scotiabank lowered their price target on Canadian National Railway from C$174.00 to C$172.00 in a report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of C$155.13.

About Canadian National Railway (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

Further Reading

Insider Buying and Selling by Quarter for Canadian National Railway (TSE:CNR)

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