Crossmark Global Holdings Inc. Sells 12,304 Shares of Canadian National Railway Company $CNI

Crossmark Global Holdings Inc. trimmed its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,698 shares of the transportation company’s stock after selling 12,304 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Canadian National Railway were worth $13,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. High Point Wealth Management LLC bought a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $27,000. Hollencrest Capital Management bought a new stake in shares of Canadian National Railway in the third quarter valued at approximately $28,000. First Horizon Corp bought a new stake in shares of Canadian National Railway in the third quarter valued at approximately $30,000. Costello Asset Management INC boosted its position in shares of Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Canadian National Railway in the third quarter valued at approximately $50,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $111.57 on Friday. The business has a fifty day simple moving average of $107.49 and a 200 day simple moving average of $101.72. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $67.92 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.14 and a beta of 0.95. Canadian National Railway Company has a one year low of $90.74 and a one year high of $115.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 earnings per share. Sell-side analysts expect that Canadian National Railway Company will post 5.74 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is presently 48.73%.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Evercore reduced their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research report on Monday, February 2nd. UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Stephens reduced their price objective on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Barclays increased their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein increased their price objective on 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. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Company 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.