Canadian National Railway Company (NYSE:CNI) Shares Sold by Broderick Brian C

Broderick Brian C lessened its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,818 shares of the transportation company's stock after selling 18,974 shares during the period. Canadian National Railway makes up 1.7% of Broderick Brian C's investment portfolio, making the stock its 24th largest position. Broderick Brian C's holdings in Canadian National Railway were worth $8,169,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. grew its position in Canadian National Railway by 4.4% during the 4th quarter. Vontobel Holding Ltd. now owns 3,933 shares of the transportation company's stock worth $399,000 after purchasing an additional 167 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of Canadian National Railway by 5.4% in the 4th quarter. Valmark Advisers Inc. now owns 6,446 shares of the transportation company's stock worth $654,000 after buying an additional 332 shares in the last quarter. D.A. Davidson & CO. increased its position in Canadian National Railway by 20.3% during the 4th quarter. D.A. Davidson & CO. now owns 2,379 shares of the transportation company's stock worth $242,000 after purchasing an additional 401 shares in the last quarter. Pembroke Management LTD lifted its stake in shares of Canadian National Railway by 25.9% during the 4th quarter. Pembroke Management LTD now owns 6,913 shares of the transportation company's stock worth $702,000 after purchasing an additional 1,420 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $59,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI stock traded down $0.29 during trading hours on Wednesday, reaching $101.77. 1,322,029 shares of the company traded hands, compared to its average volume of 1,337,938. The firm has a 50-day moving average price of $102.24 and a 200 day moving average price of $101.77. The company has a market cap of $63.90 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.95 and a beta of 0.98. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $123.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.8875 per share. This represents a yield of 2.47%. This is an increase from Canadian National Railway's previous dividend of $0.29. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway's dividend payout ratio (DPR) is presently 50.49%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNI shares. Barclays dropped their target price on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup upped their price objective on shares of Canadian National Railway from $117.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $163.00 target price on shares of Canadian National Railway in a research note on Thursday, June 5th. Finally, Stephens upped their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.36.

Canadian National Railway Company 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.