Amundi Trims Holdings in Canadian National Railway Company $CNI

Amundi decreased its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 14.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,146,635 shares of the transportation company’s stock after selling 191,284 shares during the period. Amundi owned 0.18% of Canadian National Railway worth $119,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNI. Norges Bank bought a new stake in Canadian National Railway in the second quarter valued at $591,904,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Canadian National Railway in the second quarter worth $310,489,000. Fisher Asset Management LLC bought a new stake in Canadian National Railway during the 2nd quarter valued at about $189,748,000. The Manufacturers Life Insurance Company raised its holdings in Canadian National Railway by 37.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock worth $518,260,000 after acquiring an additional 1,439,617 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Canadian National Railway in the first quarter worth $112,216,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.5%

CNI stock opened at $98.08 on Monday. The company has a market capitalization of $60.47 billion, a PE ratio of 18.61, a P/E/G ratio of 2.22 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.42. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $109.50. The firm’s 50-day moving average is $95.26 and its 200 day moving average is $97.69.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. On average, research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.8875 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 dividend on an annualized basis and a yield of 3.6%. Canadian National Railway’s payout ratio is 49.53%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a report on Monday, November 3rd. Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Bank of America lowered their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Finally, Zacks Research raised Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.36.

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.