Stokes Capital Advisors LLC Decreases Stock Holdings in Canadian National Railway Company $CNI

Stokes Capital Advisors LLC reduced its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 93.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,550 shares of the transportation company’s stock after selling 38,340 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Canadian National Railway were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in Canadian National Railway during the first quarter worth $311,000. Focus Partners Wealth grew its holdings in Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in Canadian National Railway in the second quarter valued at $202,000. EverSource Wealth Advisors LLC increased its position in shares of Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after buying an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Canadian National Railway by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after buying an additional 474 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CNI. Bank of America boosted their price objective on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Sanford C. Bernstein increased their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Finally, Barclays raised their price objective on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.12.

Canadian National Railway Stock Up 3.8%

CNI opened at $120.33 on Friday. The firm has a market cap of $73.00 billion, a P/E ratio of 21.88, a PEG ratio of 2.18 and a beta of 0.96. The business’s fifty day simple moving average is $114.74 and its 200 day simple moving average is $106.89. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $122.48. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 EPS. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.75 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. Canadian National Railway’s dividend payout ratio is presently 48.55%.

About Canadian National Railway

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.