Carret Asset Management LLC Has $1.32 Million Stock Position in Canadian National Railway Company (NYSE:CNI)

Carret Asset Management LLC lessened its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 32.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,500 shares of the transportation company's stock after selling 6,566 shares during the quarter. Carret Asset Management LLC's holdings in Canadian National Railway were worth $1,316,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. Capital International Investors boosted its holdings in Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. TD Asset Management Inc. increased its position in Canadian National Railway by 2.7% during the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after buying an additional 309,210 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd increased its position in Canadian National Railway by 4.8% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after buying an additional 422,078 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNI has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Evercore ISI reduced their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Raymond James Financial cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, Bank of America boosted their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $0.04 during mid-day trading on Friday, reaching $101.89. The company had a trading volume of 1,114,033 shares, compared to its average volume of 1,324,089. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.88. The firm has a market cap of $63.98 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.90 and a beta of 0.98. The company has a 50 day moving average of $102.48 and a 200-day moving average of $101.60. Canadian National Railway Company has a 52 week low of $91.65 and a 52 week high of $123.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway Company 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. Investors of record on Tuesday, June 10th will be given a $0.8875 dividend. This is a boost from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway's dividend payout ratio (DPR) is 50.49%.

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.