Greenleaf Trust Lowers Stock Position in Canadian National Railway Company (NYSE:CNI)

Greenleaf Trust reduced its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 43.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,784 shares of the transportation company's stock after selling 2,955 shares during the period. Greenleaf Trust's holdings in Canadian National Railway were worth $369,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway in the 4th quarter worth $30,000. Bruce G. Allen Investments LLC grew its position in Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after buying an additional 106 shares in the last quarter. CX Institutional bought a new position in Canadian National Railway during the first quarter valued at about $39,000. Murphy & Mullick Capital Management Corp acquired a new position in Canadian National Railway in the 4th quarter valued at approximately $52,000. Finally, Dunhill Financial LLC increased its position in shares of Canadian National Railway by 1,020.0% during the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares during the period. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CNI shares. Royal Bank Of Canada restated an "outperform" rating and set a $163.00 price target on shares of Canadian National Railway in a research report on Thursday, June 5th. Stifel Nicolaus lowered their target price 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. Bank of America increased their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Stephens raised their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Citigroup decreased their price target on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.86.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.83 during trading hours on Friday, hitting $105.20. The stock had a trading volume of 1,098,497 shares, compared to its average volume of 1,328,493. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The stock's 50-day moving average price is $104.37 and its two-hundred day moving average price is $101.65. The stock has a market capitalization of $65.91 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.11 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The business's revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a $0.8875 dividend. The ex-dividend date was Monday, June 9th. This represents a 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 50.49%.

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.