Hall Laurie J Trustee Sells 11,312 Shares of Canadian National Railway Company $CNI

Key Points

• Hall Laurie J Trustee significantly reduced its holdings in Canadian National Railway Company by 79.3%, ending the quarter with 2,950 shares valued at approximately $288,000.
• Canadian National Railway recently increased its quarterly dividend to $0.6507, up from $0.62, reflecting a yield of 2.7% and a payout ratio of 50.19%.
• The company's latest earnings report showed that it missed analysts' estimates for EPS and revenue, reporting $1.35 EPS and $3.14 billion in revenue, which was below expectations.

Hall Laurie J Trustee trimmed its position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 79.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,950 shares of the transportation company's stock after selling 11,312 shares during the quarter. Hall Laurie J Trustee's holdings in Canadian National Railway were worth $288,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after acquiring an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. raised its stake in Canadian National Railway by 0.8% during the first quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company's stock worth $2,254,370,000 after acquiring an additional 179,261 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Canadian National Railway by 0.3% in the 1st quarter. TD Asset Management Inc now owns 11,798,566 shares of the transportation company's stock worth $1,148,008,000 after purchasing an additional 30,066 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Canadian National Railway by 6.0% in the 1st quarter. 1832 Asset Management L.P. now owns 11,243,512 shares of the transportation company's stock worth $1,095,793,000 after purchasing an additional 636,147 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd grew its holdings in shares of Canadian National Railway by 4.8% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after purchasing an additional 422,078 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 0.2%

Shares of NYSE CNI traded down $0.18 during mid-day trading on Friday, hitting $96.56. The company's stock had a trading volume of 3,264,868 shares, compared to its average volume of 1,629,676. The stock has a market cap of $60.28 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94. 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 company's fifty day simple moving average is $97.88 and its 200-day simple moving average is $99.80.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 yield of 2.7%. This is an increase 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 (DPR) is 49.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CNI shares. Evercore ISI lowered shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price on the stock. in a report on Wednesday, July 23rd. National Bank Financial lowered shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Argus raised shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Barclays decreased 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 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $118.36.

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.