Axa S.A. trimmed its holdings in shares of Canadian National Railway (NYSE:CNI – Free Report) (TSE:CNR) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,478 shares of the transportation company’s stock after selling 8,715 shares during the quarter. Axa S.A.’s holdings in Canadian National Railway were worth $33,678,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Ahrens Investment Partners LLC purchased a new stake in shares of Canadian National Railway during the first quarter worth approximately $26,000. CoreCap Advisors LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $53,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Canadian National Railway during the first quarter worth approximately $54,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Canadian National Railway by 24.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 466 shares of the transportation company’s stock worth $55,000 after purchasing an additional 91 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on the company. BMO Capital Markets dropped their target price on Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. Citigroup lowered their price target on Canadian National Railway from $125.00 to $122.00 in a report on Tuesday, July 11th. Barclays lowered their price target on Canadian National Railway from $122.00 to $119.00 in a report on Wednesday, July 26th. National Bank Financial decreased their target price on Canadian National Railway from C$173.00 to C$171.00 in a research note on Tuesday, July 25th. Finally, StockNews.com began coverage on Canadian National Railway in a research note on Thursday, August 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus price target of $145.71.
Canadian National Railway Trading Up 0.2 %
CNI opened at $107.84 on Monday. Canadian National Railway has a one year low of $103.79 and a one year high of $129.89. The company has a market cap of $70.79 billion, a P/E ratio of 18.47, a PEG ratio of 2.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.72 and a current ratio of 0.93. The business’s 50-day simple moving average is $115.82 and its 200-day simple moving average is $117.06.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.06). Canadian National Railway had a net margin of 30.21% and a return on equity of 24.62%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. As a group, equities research analysts expect that Canadian National Railway will post 5.57 EPS for the current fiscal year.
Canadian National Railway Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.5996 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, September 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.92%.
Canadian National Railway Profile
Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.
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