Motley Fool Wealth Management LLC Has $5.14 Million Holdings in Canadian National Railway Company $CNI

Motley Fool Wealth Management LLC lessened its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 20.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,037 shares of the transportation company’s stock after selling 13,179 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Canadian National Railway were worth $5,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Canadian National Railway by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock valued at $2,437,679,000 after purchasing an additional 346,670 shares during the period. Bank of Montreal Can grew its position in shares of Canadian National Railway by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock worth $1,338,948,000 after buying an additional 42,907 shares during the period. Caisse de depot et placement du Quebec grew its position in shares of Canadian National Railway by 1.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after buying an additional 157,000 shares during the period. Lazard Asset Management LLC grew its position in shares of Canadian National Railway by 639,137.0% during the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after buying an additional 8,954,310 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Canadian National Railway by 0.4% during the 3rd quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock worth $813,287,000 after buying an additional 35,938 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CNI shares. Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Sanford C. Bernstein raised their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Canadian Imperial Bank of Commerce raised their price objective on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a research report on Tuesday. Finally, Citigroup increased their target price on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Trading Down 0.3%

Shares of Canadian National Railway stock opened at $120.40 on Wednesday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48. The firm has a market cap of $73.17 billion, a PE ratio of 21.89, a P/E/G ratio of 2.31 and a beta of 0.96. The stock has a fifty day moving average price of $112.34 and a 200-day moving average price of $105.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

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 (EPS) for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the firm posted $1.85 EPS. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

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 issued a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.0%. Canadian National Railway’s dividend payout ratio (DPR) is 48.73%.

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.