Banque Transatlantique SA Has $17.61 Million Stock Position in Canadian National Railway Company $CNI

Key Points

• Banque Transatlantique SA reduced its stake in Canadian National Railway Company by 35.3%, selling 106,668 shares and holding 195,329 shares worth approximately $17.6 million.
• Several institutional investors, including Royal Bank of Canada and The Manufacturers Life Insurance Company, increased their holdings in Canadian National Railway, indicating a strong confidence in the company.
• Canadian National Railway announced a quarterly dividend of $0.6507 per share, a slight increase from the previous $0.62 dividend, leading to an annualized yield of 2.7%.

Banque Transatlantique SA trimmed its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 35.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,329 shares of the transportation company's stock after selling 106,668 shares during the quarter. Banque Transatlantique SA's holdings in Canadian National Railway were worth $17,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in Canadian National Railway during the first quarter worth approximately $32,000. Bruce G. Allen Investments LLC lifted its position in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after buying an additional 106 shares during the last quarter. CX Institutional bought a new position in shares of Canadian National Railway in the 1st quarter worth about $39,000. Brooklyn Investment Group lifted its position in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock worth $42,000 after buying an additional 333 shares during the last quarter. Finally, Dunhill Financial LLC lifted its position in Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.2%

Shares of CNI stock traded down $0.18 during trading on Friday, hitting $96.56. 3,264,868 shares of the company were exchanged, compared to its average volume of 1,629,676. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market capitalization of $60.28 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.15 and a beta of 0.94. The business's 50-day simple moving average is $97.88 and its 200 day simple moving average is $99.80. Canadian National Railway Company has a twelve month low of $91.65 and a twelve month high of $121.12.

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

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be paid a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio is presently 49.23%.

Analysts Set New Price Targets

A number of analysts have commented on CNI shares. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. National Bank Financial cut shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Susquehanna lowered their price objective on shares of Canadian National Railway from $122.00 to $120.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI cut shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price objective on the stock. in a research note on Wednesday, July 23rd. Finally, Citigroup lowered their price objective on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway Profile

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.