US Bancorp DE Trims Stock Holdings in Canadian National Railway (NYSE:CNI)

US Bancorp DE decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,604 shares of the transportation company’s stock after selling 13,410 shares during the quarter. US Bancorp DE’s holdings in Canadian National Railway were worth $7,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coastline Trust Co purchased a new stake in shares of Canadian National Railway during the third quarter worth about $34,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway during the fourth quarter worth approximately $30,000. Addison Advisors LLC grew its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the period. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Canadian National Railway in the 3rd quarter valued at $56,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CNI shares. Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus raised their price target on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Trading Down 0.7 %

NYSE:CNI opened at $97.56 on Wednesday. The business’s 50-day moving average is $102.34 and its two-hundred day moving average is $108.83. The firm has a market capitalization of $61.29 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $96.28 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Research analysts predict 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 quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.66%.

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.