Zurcher Kantonalbank Zurich Cantonalbank Sells 8,629 Shares of Canadian National Railway (NYSE:CNI)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 240,265 shares of the transportation company's stock after selling 8,629 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Canadian National Railway were worth $30,347,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tyler Stone Wealth Management bought a new stake in Canadian National Railway during the 2nd quarter worth approximately $30,000. JFS Wealth Advisors LLC grew its holdings in shares of Canadian National Railway by 241.1% in the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company's stock valued at $35,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Canadian National Railway by 121.0% in the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company's stock valued at $40,000 after acquiring an additional 202 shares in the last quarter. Rational Advisors LLC bought a new position in shares of Canadian National Railway in the third quarter valued at approximately $41,000. Finally, Crewe Advisors LLC bought a new position in shares of Canadian National Railway in the third quarter valued at approximately $43,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNI has been the subject of several recent analyst reports. TD Securities lowered Canadian National Railway from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Citigroup upped their target price on Canadian National Railway from $121.00 to $128.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research note on Wednesday, April 10th. Stephens upped their price objective on 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. Finally, Bank of America upgraded Canadian National Railway from a "neutral" rating to a "buy" rating and upped their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Eighteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $147.52.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.23 on Wednesday, reaching $127.05. The company's stock had a trading volume of 1,014,291 shares, compared to its average volume of 993,058. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a market capitalization of $81.15 billion, a P/E ratio of 20.04, a PEG ratio of 2.24 and a beta of 0.88. The stock's 50 day simple moving average is $129.74 and its 200-day simple moving average is $121.48.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities analysts predict that Canadian National Railway will post 5.95 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.638 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.58. Canadian National Railway's dividend payout ratio is currently 39.43%.

Canadian National Railway Company 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.