Capital Group Private Client Services Inc. Lowers Position in Canadian National Railway Company $CNI

Capital Group Private Client Services Inc. trimmed its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,037 shares of the transportation company’s stock after selling 7,958 shares during the period. Capital Group Private Client Services Inc.’s holdings in Canadian National Railway were worth $7,717,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. High Point Wealth Management LLC purchased a new position in shares of Canadian National Railway during the 4th quarter valued at about $27,000. Costello Asset Management INC raised its holdings in shares of Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Curio Wealth LLC purchased a new position in shares of Canadian National Railway during the 4th quarter valued at about $31,000. Leonteq Securities AG purchased a new position in shares of Canadian National Railway during the 4th quarter valued at about $39,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Canadian National Railway during the 3rd quarter valued at about $51,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CNI shares. Royal Bank Of Canada raised their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Barclays raised their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Citigroup lifted their price target 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. Sanford C. Bernstein lifted their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Finally, Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $122.00 in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Price Performance

Shares of CNI stock opened at $120.50 on Friday. The firm has a market cap of $73.23 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.31 and a beta of 0.96. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $122.48. The business’s 50 day moving average price is $111.57 and its 200-day moving average price is $104.63. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67.

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

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.73%.

Canadian National Railway 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.