Canadian National Railway Company (NYSE:CNI) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,660 shares of the transportation company's stock after selling 13,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Canadian National Railway were worth $19,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway in the fourth quarter worth approximately $30,000. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares during the period. Bruce G. Allen Investments LLC increased its holdings 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 valued at $34,000 after buying an additional 106 shares during the last quarter. Finally, CX Institutional bought a new position in Canadian National Railway in the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

CNI has been the topic of several recent analyst reports. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Bank of America lifted their target price on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Evercore ISI dropped their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Raymond James Financial cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Barclays decreased their price objective on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.36.

Canadian National Railway Stock Performance

CNI stock traded down $2.75 during mid-day trading on Tuesday, hitting $102.03. The company had a trading volume of 1,210,636 shares, compared to its average volume of 1,338,003. Canadian National Railway Company has a 12 month low of $91.65 and a 12 month high of $123.96. The firm has a market cap of $64.06 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. The stock's fifty day moving average price is $102.17 and its two-hundred day moving average price is $101.77.

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

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $0.8875 dividend. This represents a dividend yield of 2.47%. This is a boost from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. 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.