ROI Financial Advisors LLC Has $828,000 Holdings in Canadian National Railway Company (NYSE:CNI)

Key Points

• ROI Financial Advisors LLC reduced its holdings in Canadian National Railway Company by 43.2%, ending with 8,493 shares valued at $828,000.
• Institutional investors now own approximately 80.74% of Canadian National Railway's stock, with several hedge funds increasing their positions during the first quarter.
• Canadian National Railway announced an increase in its quarterly dividend to $0.6507, reflecting a 2.8% yield and a payout ratio of 49.81%.

ROI Financial Advisors LLC lessened its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 43.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,493 shares of the transportation company's stock after selling 6,471 shares during the period. ROI Financial Advisors LLC's holdings in Canadian National Railway were worth $828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its holdings in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after acquiring an additional 106 shares during the last quarter. CX Institutional acquired a new stake in shares of Canadian National Railway in the 1st quarter worth about $39,000. Dunhill Financial LLC raised its holdings in shares of Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after acquiring an additional 510 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after acquiring an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Canadian National Railway by 57.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company's stock worth $80,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada decreased their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Bank of America increased their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Finally, Susquehanna decreased their price objective on shares of Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $118.36.

Canadian National Railway Trading Down 0.7%

Shares of CNI stock opened at $92.82 on Monday. The company has a 50 day moving average of $102.49 and a 200-day moving average of $101.25. 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 Company has a 12-month low of $91.65 and a 12-month high of $121.12. The firm has a market cap of $58.15 billion, a P/E ratio of 17.85, a PEG ratio of 2.07 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 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 return on equity of 21.71% and a net margin of 26.63%. The firm's quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $1.84 earnings per share. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a $0.6507 dividend. 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. This represents a $2.60 annualized dividend and a yield of 2.8%. Canadian National Railway's payout ratio is 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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