Motley Fool Wealth Management LLC Sells 4,041 Shares of Canadian National Railway Company (NYSE:CNI)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Canadian National Railway by 6.0%, selling 4,041 shares and now holds 63,474 shares valued at approximately $6.19 million.
• Canadian National Railway reported Q2 earnings of $1.35 per share, missing estimates, with revenue of $3.14 billion compared to the expected $4.34 billion.
• The company announced a quarterly dividend increase to $0.6507 per share, representing a 2.8% yield, with the ex-dividend date on September 8th.

Motley Fool Wealth Management LLC lowered its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,474 shares of the transportation company's stock after selling 4,041 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Canadian National Railway were worth $6,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted 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 purchasing an additional 106 shares during the period. CX Institutional bought a new position in Canadian National Railway during the first quarter worth about $39,000. Dunhill Financial LLC boosted its position in Canadian National Railway by 1,020.0% during the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after purchasing an additional 510 shares during the period. GAMMA Investing LLC boosted its position in Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after purchasing an additional 171 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in Canadian National Railway by 57.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company's stock worth $80,000 after purchasing an additional 300 shares during the period. Institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CNI shares. Citigroup cut their target price on shares of 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. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. National Bank Financial downgraded shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Evercore ISI downgraded shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price target on the stock. in a report on Wednesday, July 23rd. Finally, Argus raised shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $118.36.

Canadian National Railway Trading Up 0.1%

Shares of CNI opened at $92.58 on Monday. The firm's 50 day simple moving average is $101.33 and its 200 day simple moving average is $100.89. The company has a market capitalization of $58.00 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.06 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 1-year low of $91.65 and a 1-year high of $121.12.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 earnings per share. Sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.6507 per share. 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. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway's payout ratio is 50.19%.

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.

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