Union Bancaire Privee UBP SA Sells 6,087 Shares of Canadian National Railway (NYSE:CNI)

Union Bancaire Privee UBP SA lessened its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 55.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,816 shares of the transportation company's stock after selling 6,087 shares during the period. Union Bancaire Privee UBP SA's holdings in Canadian National Railway were worth $439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Canadian National Railway during the fourth quarter worth $563,048,000. Royal Bank of Canada grew its holdings in Canadian National Railway by 7.5% during the 4th 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of Canadian National Railway by 33.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after acquiring an additional 1,380,554 shares in the last quarter. Capital International Investors lifted its stake in shares of Canadian National Railway by 12.8% in the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Canadian National Railway by 29.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock valued at $488,488,000 after purchasing an additional 1,102,977 shares during the period. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Down 1.4%

Shares of Canadian National Railway stock traded down $1.49 on Friday, hitting $103.76. The company had a trading volume of 1,046,949 shares, compared to its average volume of 1,338,881. The stock has a market capitalization of $65.15 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.95 and a beta of 0.98. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $123.96. The stock has a 50 day moving average of $101.93 and a 200-day moving average of $101.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 earnings per share. As a group, sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $0.8875 dividend. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date of this dividend is Monday, June 9th. This represents a dividend yield of 2.47%. Canadian National Railway's dividend payout ratio is presently 50.49%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup increased their target price on shares of Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Bank of America lifted their price target 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. Royal Bank of Canada reiterated an "outperform" rating and set a $163.00 price objective on shares of Canadian National Railway in a report on Thursday, June 5th. Finally, Barclays cut their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.36.

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.