Canadian National Railway (NYSE:CNI) Stake Lowered by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) by 44.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,983 shares of the transportation company’s stock after selling 4,817 shares during the period. Sequoia Financial Advisors LLC’s holdings in Canadian National Railway were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Canadian National Railway by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after purchasing an additional 387,975 shares in the last quarter. Wellington Management Group LLP raised its position in Canadian National Railway by 9.6% during the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after acquiring an additional 1,907,938 shares in the last quarter. FIL Ltd lifted its stake in Canadian National Railway by 7.2% in the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock valued at $2,412,032,000 after acquiring an additional 1,280,726 shares during the last quarter. TD Asset Management Inc grew its position in Canadian National Railway by 2.8% in the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after acquiring an additional 314,600 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in Canadian National Railway by 0.7% in the fourth quarter. 1832 Asset Management L.P. now owns 8,785,479 shares of the transportation company’s stock worth $1,103,720,000 after acquiring an additional 61,752 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CNI shares. Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Susquehanna lowered their price objective on Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Barclays upped their target price on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group initiated coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They issued a “hold” rating and a $130.00 price target on the stock. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $148.95.

Check Out Our Latest Report on Canadian National Railway

Canadian National Railway Trading Down 1.0 %

Shares of CNI opened at $117.92 on Friday. The stock’s 50-day moving average price is $123.06 and its 200 day moving average price is $126.11. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $74.82 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.07 and a beta of 0.89. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. As a group, research analysts predict that Canadian National Railway will post 5.89 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.07%.

Canadian National Railway Profile

(Free Report)

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.

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

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