Koshinski Asset Management Inc. Sells 220 Shares of Canadian National Railway (NYSE:CNI)

Koshinski Asset Management Inc. lowered its position in shares of Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,722 shares of the transportation company’s stock after selling 220 shares during the period. Koshinski Asset Management Inc.’s holdings in Canadian National Railway were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CNI. Hanson & Doremus Investment Management increased its position in shares of Canadian National Railway by 294.1% during the first quarter. Hanson & Doremus Investment Management now owns 201 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Holloway Wealth Management LLC increased its position in shares of Canadian National Railway by 187.5% during the first quarter. Holloway Wealth Management LLC now owns 230 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. NuWave Investment Management LLC bought a new stake in shares of Canadian National Railway during the second quarter valued at approximately $32,000. Finally, JJJ Advisors Inc. increased its position in shares of Canadian National Railway by 266.7% during the first quarter. JJJ Advisors Inc. now owns 275 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 79.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNI. Evercore ISI cut their target price on shares of Canadian National Railway from $128.00 to $122.00 and set an “outperform” rating for the company in a research report on Tuesday, July 12th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $128.00 to $135.00 in a research report on Monday, September 12th. Susquehanna cut their target price on shares of Canadian National Railway from $137.00 to $127.00 in a research report on Wednesday, July 6th. StockNews.com raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their target price on shares of Canadian National Railway from $113.00 to $119.00 in a research report on Wednesday, July 27th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average target price of $142.58.

Canadian National Railway Trading Down 0.6 %

Shares of CNI stock opened at $113.81 on Friday. Canadian National Railway has a 52-week low of $106.61 and a 52-week high of $137.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.71. The firm has a market capitalization of $77.63 billion, a PE ratio of 19.79, a PEG ratio of 1.73 and a beta of 0.86. The stock has a fifty day simple moving average of $121.45 and a two-hundred day simple moving average of $119.91.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 26th. The transportation company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.17 billion. Canadian National Railway had a return on equity of 20.63% and a net margin of 33.32%. On average, analysts predict that Canadian National Railway will post 5.79 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be given a dividend of $0.569 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway’s payout ratio is 38.78%.

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

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.