Dillon & Associates Inc. Has $7.17 Million Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Key Points

• Dillon & Associates Inc. reduced its stake in Canadian National Railway Company by 6.0%, holding 73,898 shares worth $7.17 million at the end of the last quarter.
• Canadian National Railway recently reported quarterly earnings of $1.35 EPS, missing estimates, while revenue totals were $3.14 billion, down 1.3% year-over-year.
• The company has increased its quarterly dividend from $0.62 to $0.6507 per share, reflecting a 2.8% yield, with a dividend payout ratio of 50.19%.

Dillon & Associates Inc. lessened its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,898 shares of the transportation company's stock after selling 4,691 shares during the period. Dillon & Associates Inc.'s holdings in Canadian National Railway were worth $7,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CNI. Shell Asset Management Co. boosted its stake in Canadian National Railway by 0.5% in the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after acquiring an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after buying an additional 106 shares during the period. Heartland Advisors Inc. grew its holdings in shares of Canadian National Railway by 0.9% in the 1st quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company's stock valued at $1,198,000 after buying an additional 108 shares during the period. Voya Investment Management LLC grew its holdings in shares of Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after buying an additional 112 shares during the period. Finally, Gradient Investments LLC grew its holdings in shares of Canadian National Railway by 2.1% in the 1st quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company's stock valued at $527,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CNI. Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Barclays decreased their price target on shares of Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Stifel Nicolaus decreased their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Trading Up 0.1%

Shares of NYSE:CNI opened at $92.58 on Monday. The company's 50-day moving average price is $101.33 and its two-hundred day moving average price is $100.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12. The stock has a market capitalization of $58.00 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94.

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 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. On average, equities analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

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

About Canadian National Railway

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.

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