Weybosset Research & Management LLC Sells 3,042 Shares of Canadian National Railway (NYSE:CNI)

Weybosset Research & Management LLC lowered its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,037 shares of the transportation company's stock after selling 3,042 shares during the period. Canadian National Railway comprises 2.9% of Weybosset Research & Management LLC's holdings, making the stock its 18th largest position. Weybosset Research & Management LLC's holdings in Canadian National Railway were worth $8,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. QV Investors Inc. raised its position in Canadian National Railway by 15.0% in the 1st quarter. QV Investors Inc. now owns 505,605 shares of the transportation company's stock valued at $49,196,000 after buying an additional 65,944 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in Canadian National Railway by 46.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 17,615 shares of the transportation company's stock valued at $1,717,000 after buying an additional 5,585 shares during the last quarter. Pacifica Partners Inc. lifted its holdings in Canadian National Railway by 2.1% during the 1st quarter. Pacifica Partners Inc. now owns 20,518 shares of the transportation company's stock worth $2,016,000 after purchasing an additional 431 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Canadian National Railway by 12,692.7% in the first quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company's stock valued at $6,820,000 after acquiring an additional 69,429 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Canadian National Railway by 2,044.7% in the 1st quarter. Versant Capital Management Inc now owns 2,016 shares of the transportation company's stock valued at $196,000 after purchasing an additional 1,922 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a research report on Tuesday, May 6th. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Barclays decreased their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Bank of America raised their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Price Performance

CNI traded up $1.01 during midday trading on Tuesday, hitting $105.90. The stock had a trading volume of 1,248,801 shares, compared to its average volume of 1,325,790. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $127.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The business has a fifty day moving average of $100.52 and a 200 day moving average of $102.10. The company has a market cap of $66.56 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $4.38 billion. During the same period last year, the firm earned $1.72 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that Canadian National Railway 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. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.8875 per share. This is a positive change from Canadian National Railway's previous dividend of $0.29. This represents a dividend yield of 2.47%. The ex-dividend date is Monday, June 9th. Canadian National Railway's dividend payout ratio is currently 47.95%.

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.