Callahan Advisors LLC Has $11.10 Million Stake in Canadian National Railway Company $CNI

Key Points

• Callahan Advisors LLC has reduced its stake in Canadian National Railway by 7.9%, owning 106,725 shares worth approximately $11.10 million after selling 9,149 shares in the second quarter.
• The latest earnings report showed Canadian National Railway missed consensus EPS estimates by $0.02, reporting $1.35 per share, alongside a revenue decline of 1.3% year-over-year.
• The company has increased its quarterly dividend to $0.6507, representing a 2.7% yield, up from the previous dividend of $0.62, indicating a continuous return to shareholders.

Callahan Advisors LLC decreased its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,725 shares of the transportation company's stock after selling 9,149 shares during the quarter. Callahan Advisors LLC's holdings in Canadian National Railway were worth $11,104,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dagco Inc. acquired a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $32,000. CX Institutional acquired a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $39,000. Brooklyn Investment Group grew its position in shares of Canadian National Railway by 354.3% during 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 period. MassMutual Private Wealth & Trust FSB grew its position in shares of Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company's stock worth $58,000 after buying an additional 167 shares during the period. Finally, GAMMA Investing LLC grew its position 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 buying an additional 171 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CNI shares. Barclays decreased their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an "equal weight" rating for the company in a report on Thursday, October 2nd. JPMorgan Chase & Co. restated a "neutral" rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Susquehanna decreased their price objective on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating for the company in a report on Thursday, September 25th. Citigroup decreased their price objective on shares of Canadian National Railway from $121.00 to $119.00 and set a "buy" rating for the company in a report on Monday. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and an average price target of $113.90.

Canadian National Railway Stock Up 1.3%

Canadian National Railway stock opened at $97.08 on Thursday. The stock has a market capitalization of $60.26 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $116.79. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average of $94.68 and a 200-day moving average of $98.89.

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 the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business earned $1.84 EPS. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research 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 was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were paid a $0.6507 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $2.60 annualized dividend and a dividend yield of 2.7%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

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.

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