Citigroup Inc. Has $18.57 Million Stake in Canadian National Railway Company (NYSE:CNI)

Citigroup Inc. trimmed its position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 18.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,860 shares of the transportation company's stock after selling 43,180 shares during the period. Citigroup Inc.'s holdings in Canadian National Railway were worth $18,571,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Polar Asset Management Partners Inc. boosted its stake in Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after acquiring an additional 17,500 shares during the period. Cypress Asset Management Inc. TX acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $875,000. GAMMA Investing LLC boosted its stake in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after acquiring an additional 171 shares during the period. Principal Financial Group Inc. boosted its stake in Canadian National Railway by 3.7% in 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 during the period. Finally, SG Americas Securities LLC boosted its stake in Canadian National Railway by 60.6% in the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock valued at $948,000 after acquiring an additional 3,671 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.6%

NYSE CNI traded up $0.57 on Friday, hitting $93.33. 1,103,725 shares of the stock were exchanged, compared to its average volume of 2,040,034. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $121.12. 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 company has a market capitalization of $58.26 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.08 and a beta of 0.94. The company's 50-day moving average price is $100.12 and its two-hundred day moving average price is $100.50.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted 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 return on equity of 21.71% and a net margin of 26.63%. The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The company's revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio is presently 50.19%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank Of Canada decreased their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Citigroup cut their price target on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. National Bank Financial cut Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Barclays cut their price target on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.