West Coast Financial LLC reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 12.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,345 shares of the transportation company’s stock after selling 630 shares during the period. West Coast Financial LLC’s holdings in Canadian National Railway were worth $321,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CNI. SRS Capital Advisors Inc. bought a new position in shares of Canadian National Railway during the fourth quarter worth $137,000. Sowell Financial Services LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth $142,000. Salem Investment Counselors Inc. bought a new position in shares of Canadian National Railway during the third quarter worth $166,000. Quadrant Capital Group LLC boosted its position in shares of Canadian National Railway by 2.4% in the third quarter. Quadrant Capital Group LLC now owns 2,745 shares of the transportation company’s stock worth $171,000 after buying an additional 65 shares in the last quarter. Finally, Howland Capital Management LLC bought a new position in shares of Canadian National Railway during the first quarter worth $206,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Canadian National Railway (NYSE:CNI) traded up 1.72% during midday trading on Thursday, hitting $74.48. The stock had a trading volume of 1,423,184 shares. Canadian National Railway has a one year low of $55.73 and a one year high of $75.06. The firm’s 50-day moving average is $72.77 and its 200 day moving average is $68.90. The company has a market capitalization of $56.63 billion, a PE ratio of 21.40 and a beta of 1.07.

Canadian National Railway (NYSE:CNI) last released its quarterly earnings results on Tuesday, January 24th. The transportation company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.32. The business earned $3.22 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Canadian National Railway had a return on equity of 24.02% and a net margin of 30.29%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. Equities analysts expect that Canadian National Railway will post $3.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 10th were issued a dividend of $0.3097 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.66%. The ex-dividend date was Wednesday, March 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.73%.

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A number of equities analysts recently weighed in on CNI shares. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Friday, January 27th. Loop Capital reissued a “hold” rating on shares of Canadian National Railway in a research note on Saturday, March 25th. Wells Fargo & Co started coverage on Canadian National Railway in a research note on Monday, March 13th. They issued a “market perform” rating on the stock. Citigroup Inc lifted their price target on Canadian National Railway from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Finally, Credit Suisse Group AG dropped their price target on Canadian National Railway from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 25th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company’s stock. Canadian National Railway currently has an average rating of “Hold” and an average target price of $77.00.

About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

5 Day Chart for NYSE:CNI

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