Somerville Kurt F Sells 4,917 Shares of Canadian National Railway Company (NYSE:CNI)

Somerville Kurt F decreased its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,885 shares of the transportation company's stock after selling 4,917 shares during the quarter. Canadian National Railway comprises about 2.2% of Somerville Kurt F's investment portfolio, making the stock its 21st biggest holding. Somerville Kurt F's holdings in Canadian National Railway were worth $12,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in Canadian National Railway in the 4th quarter valued at approximately $30,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Canadian National Railway by 44.2% during the first 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 in the last quarter. CX Institutional bought a new position in shares of Canadian National Railway during the first quarter valued at $39,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $52,000. Finally, Dunhill Financial LLC raised its position in Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after buying an additional 510 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of NYSE CNI traded down $0.76 during midday trading on Thursday, reaching $95.51. The stock had a trading volume of 2,607,237 shares, compared to its average volume of 1,568,653. The company has a market capitalization of $59.83 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The stock has a 50-day moving average of $104.22 and a 200-day moving average of $101.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.43 and a current ratio of 0.82.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly 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 analysts' expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The company's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be paid a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is 50.49%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNI shares. Evercore ISI cut shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price objective for the company. in a report on Wednesday. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Bank of America raised their price target on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Susquehanna lowered their target price on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $118.36.

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.