Canadian National Railway Company $CNI Stock Holdings Decreased by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC decreased its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 12.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,890 shares of the transportation company’s stock after selling 5,612 shares during the period. Stokes Capital Advisors LLC’s holdings in Canadian National Railway were worth $4,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CNI. Congress Asset Management Co. acquired a new position in Canadian National Railway in the fourth quarter worth $202,000. SG Americas Securities LLC lifted its position in shares of Canadian National Railway by 82.2% in the 4th quarter. SG Americas Securities LLC now owns 2,429 shares of the transportation company’s stock worth $240,000 after buying an additional 1,096 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of Canadian National Railway by 54.5% in the 4th quarter. Gradient Investments LLC now owns 18,110 shares of the transportation company’s stock valued at $1,790,000 after buying an additional 6,387 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Canadian National Railway by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,419 shares of the transportation company’s stock valued at $2,155,000 after buying an additional 387 shares during the last quarter. Finally, Value Partners Investments Inc. raised its stake in Canadian National Railway by 0.4% during the fourth quarter. Value Partners Investments Inc. now owns 604,155 shares of the transportation company’s stock worth $59,838,000 after acquiring an additional 2,235 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI opened at $101.94 on Thursday. The firm has a market capitalization of $62.31 billion, a PE ratio of 18.77, a P/E/G ratio of 2.10 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $104.05 and a 200 day moving average price of $98.79. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $113.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. Canadian National Railway’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.915 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce raised shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and raised their target price for the stock from $146.00 to $151.00 in a report on Friday, November 28th. Royal Bank Of Canada cut their price target on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.