West Coast Financial LLC lowered its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,150 shares of the transportation company’s stock after selling 1,005 shares during the quarter. West Coast Financial LLC’s holdings in Canadian National Railway were worth $260,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of Canadian National Railway by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 295,305 shares of the transportation company’s stock valued at $23,942,000 after acquiring an additional 27,518 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Canadian National Railway by 11.7% during the second quarter. D.A. Davidson & CO. now owns 11,430 shares of the transportation company’s stock valued at $926,000 after acquiring an additional 1,193 shares during the period. Vanguard Group Inc. lifted its stake in shares of Canadian National Railway by 15.5% during the second quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock valued at $1,361,140,000 after acquiring an additional 2,251,612 shares during the period. MML Investors Services LLC lifted its stake in shares of Canadian National Railway by 3.7% during the second quarter. MML Investors Services LLC now owns 18,219 shares of the transportation company’s stock valued at $1,477,000 after acquiring an additional 657 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Canadian National Railway by 4.5% during the second quarter. M&T Bank Corp now owns 41,713 shares of the transportation company’s stock valued at $3,380,000 after acquiring an additional 1,806 shares during the period. 53.73% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on CNI shares. Goldman Sachs Group started coverage on Canadian National Railway in a research note on Monday, November 13th. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Desjardins raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Raymond James Financial lowered Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank initiated coverage on Canadian National Railway in a report on Wednesday, November 1st. They issued a “sell” rating and a $73.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $79.67.

Shares of Canadian National Railway (NYSE CNI) opened at $80.79 on Friday. The company has a market capitalization of $60,105.81, a PE ratio of 20.72, a P/E/G ratio of 2.00 and a beta of 1.09. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. Canadian National Railway has a fifty-two week low of $68.27 and a fifty-two week high of $85.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Canadian National Railway had a net margin of 29.98% and a return on equity of 25.57%. equities analysts expect that Canadian National Railway will post 3.96 EPS for the current fiscal year.

Canadian National Railway announced that its board has approved a share repurchase plan on Tuesday, October 24th that authorizes the company to repurchase 31,000,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.3304 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, December 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s dividend payout ratio is currently 33.59%.

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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.

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

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