Canadian National Railway Company $CNI Stock Position Decreased by Forsta AP Fonden

Forsta AP Fonden cut its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,100 shares of the transportation company’s stock after selling 7,900 shares during the quarter. Forsta AP Fonden’s holdings in Canadian National Railway were worth $10,210,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Roberts Glore & Co. Inc. IL boosted its stake in shares of Canadian National Railway by 1.5% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after acquiring an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Canadian National Railway by 10.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after acquiring an additional 113 shares in the last quarter. Patten Group Inc. boosted its stake in shares of Canadian National Railway by 1.4% during the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after acquiring an additional 114 shares in the last quarter. ICW Investment Advisors LLC boosted its stake in shares of Canadian National Railway by 0.7% during the 3rd quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock worth $1,558,000 after acquiring an additional 120 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Canadian National Railway by 2.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock worth $604,000 after acquiring an additional 123 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $118.54 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $119.87. The business has a fifty day simple moving average of $109.59 and a 200 day simple moving average of $103.86. The firm has a market cap of $72.04 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.27 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $1.85 earnings per share. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNI. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Citigroup raised their price objective on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada raised their target price on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, Stephens decreased their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.