Stokes Capital Advisors LLC Trims Stock Position in Canadian National Railway Company $CNI

Key Points

• Stokes Capital Advisors LLC reduced its stake in Canadian National Railway by 8.2% in Q2, now holding 48,098 shares valued at approximately $5 million after selling 4,300 shares.
• Multiple hedge funds have increased their holdings in Canadian National Railway during Q4, with Two Sigma Investments LP raising its investment by 46.7%.
• Analysts have set a consensus price target of $118.36 for Canadian National Railway, with ratings ranging from "Strong Buy" to "Sell," indicating mixed market perceptions about the stock's future performance.

Stokes Capital Advisors LLC decreased its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 8.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 48,098 shares of the transportation company's stock after selling 4,300 shares during the period. Stokes Capital Advisors LLC's holdings in Canadian National Railway were worth $5,004,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNI. Polar Asset Management Partners Inc. lifted its stake in Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after acquiring an additional 17,500 shares during the last quarter. Cypress Asset Management Inc. TX acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $875,000. Goldman Sachs Group Inc. increased its stake in Canadian National Railway by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company's stock worth $259,694,000 after purchasing an additional 755,518 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 171 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Canadian National Railway by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock valued at $9,185,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CNI shares. Barclays reduced their price target on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Citigroup dropped their price objective on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Argus upgraded Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. National Bank Financial lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their price target on Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $118.36.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded down $0.14 on Friday, hitting $93.38. The stock had a trading volume of 1,691,170 shares, compared to its average volume of 1,828,130. Canadian National Railway Company has a 52-week low of $91.07 and a 52-week high of $118.76. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The company's 50 day moving average price is $95.64 and its 200 day moving average price is $99.34. The stock has a market cap of $57.97 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.15 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate 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 was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 EPS. On average, research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a $0.6507 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio is currently 50.19%.

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.