Blair William & Co. IL Decreases Stock Holdings in Canadian National Railway Company $CNI

Key Points

• Blair William & Co. IL cut its stake in Canadian National Railway by 27.2% in Q3, selling 12,425 shares and retaining 33,321 shares worth about $3.142 million.
• Canadian National reported Q earnings of $1.49 per share (beating estimates by $0.06) while revenue missed at $3.24 billion versus a $4.43 billion consensus.
• CN increased its quarterly dividend to $0.915 (annualized $3.66) for a ~3.4% yield, with record date March 10 and payment on March 31.

Blair William & Co. IL reduced its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 27.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,321 shares of the transportation company's stock after selling 12,425 shares during the quarter. Blair William & Co. IL's holdings in Canadian National Railway were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CNI. AQR Capital Management LLC acquired a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $311,000. Focus Partners Wealth raised its holdings in Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company's stock worth $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Canadian National Railway during the second quarter worth $202,000. Savant Capital LLC boosted its position in Canadian National Railway by 24.5% during the second quarter. Savant Capital LLC now owns 10,580 shares of the transportation company's stock worth $1,101,000 after purchasing an additional 2,085 shares in the last quarter. Finally, Midwest Trust Co purchased a new stake in Canadian National Railway during the second quarter worth $229,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $106.18 on Thursday. The company has a market cap of $65.10 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.21 and a beta of 0.90. The business has a fifty day simple moving average of $103.44 and a 200-day simple moving average of $98.42. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $113.08. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. Equities research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $0.915 dividend. This is a boost from Canadian National Railway's previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway's dividend payout ratio is 49.36%.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of research analyst reports. Zacks Research upgraded Canadian National Railway from a "strong sell" rating to a "hold" rating in a research report on Friday, November 28th. BMO Capital Markets reissued an "outperform" rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Evercore dropped their target price on shares of Canadian National Railway from $105.00 to $103.00 and set an "in-line" rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada cut their target price on shares of Canadian National Railway from $153.00 to $151.00 and set an "outperform" rating for the company in a research report on Monday, February 2nd. Finally, Vertical Research raised shares of Canadian National Railway from a "hold" rating to a "buy" rating in a report on Monday, January 5th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $118.91.

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.

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