Bank Julius Baer & Co. Ltd Zurich Lowers Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Bank Julius Baer & Co. Ltd Zurich cut its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 57.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,221 shares of the transportation company's stock after selling 7,067 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Canadian National Railway were worth $509,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Polar Asset Management Partners Inc. increased its position in shares of Canadian National Railway by 233.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock worth $2,537,000 after purchasing an additional 17,500 shares in the last quarter. Cypress Asset Management Inc. TX purchased a new position in shares of Canadian National Railway during the 4th quarter worth $875,000. GAMMA Investing LLC grew its holdings in shares of Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after purchasing an additional 171 shares during the period. Principal Financial Group Inc. lifted its stake in Canadian National Railway by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock worth $9,185,000 after acquiring an additional 3,400 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Canadian National Railway by 60.6% during the 1st quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock worth $948,000 after acquiring an additional 3,671 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CNI shares. Barclays decreased their target price on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Bank of America increased their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Stephens increased their price target on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Stock Down 0.8%

Shares of CNI traded down $0.80 during mid-day trading on Monday, reaching $95.07. The company's stock had a trading volume of 353,079 shares, compared to its average volume of 1,467,145. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The stock has a market cap of $59.56 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The company's 50 day moving average is $103.72 and its 200 day moving average is $101.47.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The company's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 EPS. Equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be paid a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is currently 49.81%.

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.