Edmond DE Rothschild Holding S.A. Sells 6,831 Shares of Canadian National Railway Company $CNI

Key Points

• Edmond DE Rothschild Holding S.A. reduced its position in Canadian National Railway Company by 17.5%, selling 6,831 shares and bringing its total holdings to 32,185 shares valued at approximately $3.14 million.
• Several institutional investors, including Royal Bank of Canada and Canada Pension Plan Investment Board, increased their stakes in Canadian National Railway, reflecting strong interest among large financial entities.
• The company declared a quarterly dividend of $0.6507 per share, an increase from the previous dividend, with an annualized yield of 2.7% and a payout ratio of 49.81%.

Edmond DE Rothschild Holding S.A. decreased its position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,185 shares of the transportation company's stock after selling 6,831 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Canadian National Railway were worth $3,138,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CNI. Royal Bank of Canada grew its stake in shares of Canadian National Railway by 7.5% in the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after buying an additional 1,934,622 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Canadian National Railway by 37.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company's stock valued at $518,260,000 after buying an additional 1,439,617 shares in the last quarter. Nuveen LLC bought a new stake in shares of Canadian National Railway in the 1st quarter valued at approximately $112,216,000. Price T Rowe Associates Inc. MD grew its stake in shares of Canadian National Railway by 20.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company's stock valued at $646,983,000 after buying an additional 1,148,569 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Canadian National Railway by 34.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,858,739 shares of the transportation company's stock valued at $278,242,000 after buying an additional 737,879 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America upped their target price on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Argus raised Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Evercore ISI cut Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a research report on Wednesday, July 23rd. Susquehanna decreased their target price on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, Citigroup decreased their target price on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Stock Up 0.3%

Shares of CNI stock opened at $96.84 on Friday. Canadian National Railway Company has a 12 month low of $91.65 and a 12 month high of $121.12. The firm has a market cap of $60.46 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94. The stock has a 50 day moving average of $98.01 and a 200-day moving average of $99.86. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

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 analysts' consensus estimates 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 business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio is presently 49.81%.

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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