Canadian National Railway Company $CNI Shares Sold by Windward Capital Management Co. CA

Key Points

• Windward Capital Management Co. CA reduced its stake in Canadian National Railway by 1.6%, now holding 179,086 shares worth approximately $17.45 million, making it the 22nd largest position in their portfolio.
• Canadian National Railway's recent quarterly earnings report showed EPS of $1.35, falling short of analysts' expectations of $1.37, with a revenue of $3.14 billion compared to a $4.34 billion estimate.
• The company has announced a dividend increase to $0.6507 per share, from $0.62, marking a $2.60 annualized dividend and a yield of 2.8%, with the ex-dividend date set for September 8th.

Windward Capital Management Co. CA reduced its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,086 shares of the transportation company's stock after selling 2,862 shares during the quarter. Canadian National Railway accounts for 1.5% of Windward Capital Management Co. CA's investment portfolio, making the stock its 22nd biggest holding. Windward Capital Management Co. CA's holdings in Canadian National Railway were worth $17,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CNI. Shell Asset Management Co. raised its holdings in Canadian National Railway by 0.5% during the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock worth $2,171,000 after purchasing an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings 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 last quarter. Heartland Advisors Inc. raised its holdings in Canadian National Railway by 0.9% during the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company's stock worth $1,198,000 after purchasing an additional 108 shares during the last quarter. Voya Investment Management LLC raised its holdings in Canadian National Railway by 1.4% during the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after purchasing an additional 112 shares during the last quarter. Finally, Gradient Investments LLC raised its holdings in Canadian National Railway by 2.1% during the first quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company's stock worth $527,000 after purchasing an additional 112 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 2.2%

CNI stock traded up $2.0260 during trading on Friday, reaching $96.0560. 1,185,382 shares of the stock traded hands, compared to its average volume of 1,495,181. The business's 50 day moving average price is $99.24 and its 200-day moving average price is $100.27. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $121.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market capitalization of $59.97 billion, a PE ratio of 18.47, a P/E/G ratio of 2.09 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same period last year, the firm posted $1.84 EPS. Canadian National Railway's revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. 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 dividend payout ratio (DPR) is presently 49.81%.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Susquehanna dropped their price target on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup dropped their price target on 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. Finally, Evercore ISI downgraded Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price target for the company. in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Hold" and a consensus price target of $118.36.

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.