Varma Mutual Pension Insurance Co Has $9.45 Million Holdings in Canadian National Railway Company $CNI

Key Points

• Varma Mutual Pension Insurance Co cut its position in Canadian National Railway by 33.8% in Q4, selling 48,700 shares and retaining 95,446 shares worth $9.45 million per its SEC filing.
• Canadian National reported quarterly EPS of $1.31, matching estimates, with revenue of $3.15 billion (down 0.5% year‑over‑year); analysts project roughly 5.74 EPS for the full year.
• The company announced a quarterly dividend of $0.915 (annualized $3.66, yield ~3.3%; ex‑dividend June 9), and the stock carries a consensus "Hold" rating with a $122.04 price target and a market cap near $66.9 billion (P/E ~20).

Varma Mutual Pension Insurance Co cut its position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 33.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,446 shares of the transportation company's stock after selling 48,700 shares during the period. Varma Mutual Pension Insurance Co's holdings in Canadian National Railway were worth $9,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNI. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth approximately $27,000. Hollencrest Capital Management acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $28,000. First Horizon Corp acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $30,000. Costello Asset Management INC lifted its position in shares of Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company's stock worth $31,000 after purchasing an additional 150 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $50,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.5%

CNI opened at $109.97 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market cap of $66.94 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The firm has a 50 day simple moving average of $107.46 and a 200 day simple moving average of $101.49. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $115.80.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts' consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. Canadian National Railway's revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.74 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway's dividend payout ratio is presently 48.73%.

Wall Street Analyst Weigh In

CNI has been the topic of a number of research reports. Evercore reduced their target price on shares of Canadian National Railway from $105.00 to $103.00 and set an "in-line" rating on the stock in a research report on Monday, February 2nd. Sanford C. Bernstein boosted their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a "market perform" rating in a research note on Tuesday, March 31st. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Canadian National Railway in a research note on Monday, April 20th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $122.04.

Canadian National Railway Company Profile

Canadian National Railway Company NYSE: CNI is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN's core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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