Sumitomo Mitsui Trust Holdings Inc. Has $165.11 Million Position in Canadian National Railway (NYSE:CNI)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,309,293 shares of the transportation company's stock after selling 28,261 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.20% of Canadian National Railway worth $165,111,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Canadian National Railway by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company's stock worth $2,683,831,000 after purchasing an additional 554,280 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company's stock worth $1,421,649,000 after purchasing an additional 625,500 shares during the last quarter. Norges Bank acquired a new position in shares of Canadian National Railway during the 4th quarter worth $727,713,000. Deutsche Bank AG increased its stake in shares of Canadian National Railway by 7.3% during the 3rd quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company's stock worth $604,011,000 after purchasing an additional 378,513 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Canadian National Railway by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 4,477,999 shares of the transportation company's stock worth $487,145,000 after purchasing an additional 97,818 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

CNI has been the topic of several analyst reports. Benchmark restated a "hold" rating on shares of Canadian National Railway in a research note on Wednesday, April 10th. Susquehanna lowered their target price on shares of Canadian National Railway from $143.00 to $140.00 and set a "neutral" rating on the stock in a research note on Thursday, March 28th. TD Securities lowered shares of Canadian National Railway from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Bank of America upgraded shares of Canadian National Railway from a "neutral" rating to a "buy" rating and raised their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Stephens raised their target price on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, January 4th. Eighteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Canadian National Railway has a consensus rating of "Hold" and a consensus price target of $147.52.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $1.51 during midday trading on Tuesday, reaching $127.28. 670,191 shares of the company's stock were exchanged, compared to its average volume of 992,478. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The firm has a market capitalization of $81.50 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.23 and a beta of 0.88. The company's 50 day simple moving average is $129.81 and its two-hundred day simple moving average is $121.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Equities research analysts expect that Canadian National Railway will post 5.96 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.638 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, March 6th. Canadian National Railway's dividend payout ratio (DPR) is currently 39.59%.

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.