Unigestion Holding SA Sells 92,339 Shares of Canadian National Railway (NYSE:CNI)

Unigestion Holding SA lessened its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 63.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,597 shares of the transportation company's stock after selling 92,339 shares during the quarter. Unigestion Holding SA's holdings in Canadian National Railway were worth $5,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Canadian National Railway during the 4th quarter valued at $52,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded up $0.33 during mid-day trading on Wednesday, reaching $106.18. The company had a trading volume of 920,975 shares, compared to its average volume of 1,326,656. The company's 50-day moving average price is $100.65 and its 200-day moving average price is $102.13. Canadian National Railway has a one year low of $91.65 and a one year high of $126.78. The firm has a market cap of $66.74 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.95 and a beta of 0.98. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

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 for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the firm posted $1.72 earnings per share. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $0.8875 dividend. The ex-dividend date is Monday, June 9th. This represents a dividend yield of 2.47%. This is a positive change from Canadian National Railway's previous dividend of $0.29. Canadian National Railway's dividend payout ratio is currently 50.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Stephens boosted their target price on 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. Evercore ISI reduced their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their price objective on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.52.

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.