Brown Advisory Inc. Lowers Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Brown Advisory Inc. reduced its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 811,344 shares of the transportation company's stock after selling 4,149 shares during the period. Brown Advisory Inc. owned 0.13% of Canadian National Railway worth $79,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $30,000. Bruce G. Allen Investments LLC increased its position in Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares during the period. CX Institutional acquired a new stake in Canadian National Railway during the 1st quarter valued at approximately $39,000. Murphy & Mullick Capital Management Corp acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $52,000. Finally, Dunhill Financial LLC increased its position in Canadian National Railway by 1,020.0% during 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 period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNI has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday. Royal Bank Of Canada reissued an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a research report on Thursday, June 5th. Raymond James Financial cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group dropped their price objective on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $120.86.

Canadian National Railway Stock Performance

CNI traded down $0.83 on Friday, hitting $105.20. 1,098,497 shares of the company's stock were exchanged, compared to its average volume of 1,328,493. Canadian National Railway Company has a twelve month low of $91.65 and a twelve month high of $123.96. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. The firm has a market cap of $65.91 billion, a PE ratio of 20.51, a P/E/G ratio of 2.11 and a beta of 0.97. The stock has a fifty day moving average of $104.37 and a two-hundred day moving average of $101.65.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts anticipate 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 was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.8875 dividend. The ex-dividend date was Monday, June 9th. This is an increase from Canadian National Railway's previous dividend of $0.29. This represents a dividend yield of 2.47%. Canadian National Railway's dividend payout ratio is 50.49%.

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.