Atria Wealth Solutions Inc. Sells 2,967 Shares of Canadian National Railway Company (NYSE:CNI)

Atria Wealth Solutions Inc. decreased its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 36.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,180 shares of the transportation company's stock after selling 2,967 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Canadian National Railway were worth $507,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Scotia Capital Inc. lifted its stake in shares of Canadian National Railway by 5.8% in the 1st quarter. Scotia Capital Inc. now owns 3,186,189 shares of the transportation company's stock valued at $308,925,000 after purchasing an additional 173,331 shares during the period. Cheviot Value Management LLC acquired a new position in shares of Canadian National Railway in the 1st quarter valued at $143,000. Bank of Nova Scotia lifted its stake in shares of Canadian National Railway by 0.7% in the 1st quarter. Bank of Nova Scotia now owns 2,777,564 shares of the transportation company's stock valued at $270,334,000 after purchasing an additional 20,534 shares during the period. Forge First Asset Management Inc. lifted its stake in shares of Canadian National Railway by 29.7% in the 1st quarter. Forge First Asset Management Inc. now owns 229,300 shares of the transportation company's stock valued at $22,345,000 after purchasing an additional 52,500 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Canadian National Railway by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,430 shares of the transportation company's stock valued at $6,767,000 after purchasing an additional 910 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Stock Up 0.6%

Shares of NYSE CNI traded up $0.57 during mid-day trading on Friday, hitting $93.33. The company had a trading volume of 1,103,725 shares, compared to its average volume of 2,040,034. The company has a market capitalization of $58.26 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The firm has a 50-day simple moving average of $100.12 and a two-hundred day simple moving average of $100.54. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business earned $1.84 EPS. Canadian National Railway's revenue was down 1.3% on a year-over-year basis. On average, equities analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a dividend of $0.6507 per share. The ex-dividend date is Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway's dividend payout ratio is 49.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Citigroup dropped their price objective on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Stephens raised their price objective on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Finally, National Bank Financial cut Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $118.36.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.