Bank Julius Baer & Co. Ltd Zurich Trims Holdings in Canadian National Railway Company $CNI

Bank Julius Baer & Co. Ltd Zurich reduced its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 71.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,498 shares of the transportation company’s stock after selling 3,723 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Canadian National Railway were worth $156,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in shares of Canadian National Railway by 14.9% during the first quarter. Avantax Advisory Services Inc. now owns 28,122 shares of the transportation company’s stock worth $2,741,000 after buying an additional 3,644 shares during the period. Cetera Investment Advisers lifted its stake in Canadian National Railway by 12.8% during the 1st quarter. Cetera Investment Advisers now owns 50,750 shares of the transportation company’s stock worth $4,946,000 after acquiring an additional 5,754 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in Canadian National Railway by 2.8% during the 1st quarter. Mediolanum International Funds Ltd now owns 49,470 shares of the transportation company’s stock valued at $4,832,000 after acquiring an additional 1,326 shares during the period. HB Wealth Management LLC acquired a new position in Canadian National Railway in the 1st quarter valued at about $1,165,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Canadian National Railway by 63.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 407,861 shares of the transportation company’s stock worth $39,685,000 after purchasing an additional 158,335 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Bank of America lowered their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wells Fargo & Company decreased their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Evercore ISI boosted their target price on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Trading Down 2.3%

NYSE:CNI opened at $90.88 on Tuesday. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $112.97. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The stock’s 50 day simple moving average is $94.77 and its 200-day simple moving average is $98.33. The firm has a market cap of $56.03 billion, a P/E ratio of 17.48, a PEG ratio of 2.13 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. Equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be issued a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a dividend yield of 3.9%. Canadian National Railway’s payout ratio is presently 48.01%.

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.