Vantage Wealth Has $18.22 Million Stock Holdings in Canadian National Railway Company $CNI

Key Points

• Vantage Wealth reduced its holdings in Canadian National Railway by 2.0%, now owning 175,127 shares valued at approximately $18.22 million.
• Institutional investors own about 80.74% of Canadian National Railway's shares, with Vanguard Group owning the most at 23,165,939 shares.
• The company declared a quarterly dividend of $0.6507 per share, increasing from the previous dividend of $0.62, which reflects a yield of 2.8%.

Vantage Wealth cut its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,127 shares of the transportation company's stock after selling 3,645 shares during the period. Canadian National Railway makes up approximately 4.1% of Vantage Wealth's investment portfolio, making the stock its 17th largest holding. Vantage Wealth's holdings in Canadian National Railway were worth $18,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. Squarepoint Ops LLC lifted its holdings in Canadian National Railway by 320.8% during the fourth quarter. Squarepoint Ops LLC now owns 24,492 shares of the transportation company's stock worth $2,486,000 after acquiring an additional 18,671 shares in the last quarter. Vise Technologies Inc. lifted its holdings in Canadian National Railway by 9.5% during the fourth quarter. Vise Technologies Inc. now owns 5,390 shares of the transportation company's stock worth $547,000 after acquiring an additional 468 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Canadian National Railway by 51.9% in the 4th quarter. Burgundy Asset Management Ltd. now owns 719,988 shares of the transportation company's stock valued at $73,040,000 after purchasing an additional 246,151 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Canadian National Railway by 8.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 370,310 shares of the transportation company's stock valued at $37,590,000 after purchasing an additional 28,904 shares during the period. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at about $102,000. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CNI shares. Royal Bank Of Canada dropped their price target on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. National Bank Financial downgraded Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Wells Fargo & Company dropped their target price 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. Finally, Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $118.36.

Canadian National Railway Price Performance

Canadian National Railway stock traded down $0.14 during mid-day trading on Friday, reaching $93.38. 1,691,170 shares of the company were exchanged, compared to its average volume of 1,810,321. The company has a fifty day simple moving average of $95.64 and a 200-day simple moving average of $99.32. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $118.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market cap of $57.97 billion, a PE ratio of 17.96, a PEG ratio of 2.15 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share 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 for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the business earned $1.84 EPS. The company's revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 8th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is presently 50.19%.

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.