Canadian National Railway Company $CNI Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.6% in the second quarter, HoldingsChannel reports. The firm owned 374,763 shares of the transportation company’s stock after selling 44,504 shares during the quarter. First Trust Advisors LP’s holdings in Canadian National Railway were worth $38,990,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Addison Advisors LLC lifted its holdings in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after buying an additional 150 shares in the last quarter. Curio Wealth LLC increased its position in shares of Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after acquiring an additional 316 shares during the period. Dagco Inc. acquired a new stake in shares of Canadian National Railway in the first quarter valued at $32,000. Brooklyn Investment Group raised its stake in shares of Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 333 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 167 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $97.82 on Wednesday. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $108.75. The firm has a market capitalization of $60.31 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.22 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.42. The company’s fifty day moving average price is $95.42 and its 200 day moving average price is $97.59.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company posted $1.72 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.6%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, December 9th. Canadian National Railway’s dividend payout ratio is presently 48.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CNI shares. CIBC upgraded Canadian National Railway from a “neutral” rating to an “outperformer” rating and upped their price target for the stock from $146.00 to $151.00 in a report on Friday, November 28th. Royal Bank Of Canada boosted their price objective on Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Citigroup boosted their price target on shares of Canadian National Railway from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.36.

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.