Ninety One UK Ltd Cuts Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Ninety One UK Ltd decreased its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,901,342 shares of the transportation company's stock after selling 142,323 shares during the period. Ninety One UK Ltd owned 0.30% of Canadian National Railway worth $185,002,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CNI. Crossmark Global Holdings Inc. grew its stake in Canadian National Railway by 217.1% during the first quarter. Crossmark Global Holdings Inc. now owns 91,349 shares of the transportation company's stock valued at $8,903,000 after acquiring an additional 62,544 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in Canadian National Railway by 2.1% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 7,368 shares of the transportation company's stock valued at $718,000 after acquiring an additional 154 shares in the last quarter. Olde Wealth Management LLC purchased a new position in Canadian National Railway during the first quarter valued at approximately $155,000. Principal Financial Group Inc. grew its stake in Canadian National Railway by 3.7% during the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock valued at $9,185,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Novem Group grew its stake in Canadian National Railway by 33.1% during the first quarter. Novem Group now owns 10,633 shares of the transportation company's stock valued at $1,036,000 after acquiring an additional 2,643 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

NYSE:CNI traded down $0.83 during midday trading on Friday, hitting $105.20. The company had a trading volume of 1,098,497 shares, compared to its average volume of 1,326,527. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $123.96. The stock's fifty day moving average price is $104.37 and its 200-day moving average price is $101.66. The company has a market capitalization of $65.91 billion, a PE ratio of 20.51, a P/E/G ratio of 2.13 and a beta of 0.97. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $0.8875 per share. This represents a yield of 2.47%. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date was Monday, June 9th. Canadian National Railway's dividend payout ratio is presently 50.49%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stephens boosted their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. 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 note on Wednesday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $163.00 price objective on shares of Canadian National Railway in a research note on Thursday, June 5th. Jefferies Financial Group reduced their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays boosted their price objective on shares of Canadian National Railway from $101.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.86.

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.