Canadian National Railway Company $CNI Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 70.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,885 shares of the transportation company’s stock after selling 296,411 shares during the period. BNP Paribas Financial Markets’ holdings in Canadian National Railway were worth $12,543,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Patrick Mauro Investment Advisor INC. grew its position in Canadian National Railway by 0.4% in the 4th quarter. Patrick Mauro Investment Advisor INC. now owns 35,349 shares of the transportation company’s stock valued at $3,494,000 after buying an additional 143 shares in the last quarter. Norges Bank bought a new stake in shares of Canadian National Railway in the 4th quarter worth $570,161,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Canadian National Railway by 157.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 79,697 shares of the transportation company’s stock valued at $7,896,000 after buying an additional 48,725 shares during the period. Basepoint Wealth LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at $69,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Canadian National Railway by 5.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,415 shares of the transportation company’s stock valued at $2,315,000 after buying an additional 1,120 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the topic of a number of research analyst reports. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Barclays upped their price target 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. Finally, Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Stock Up 0.1%

CNI stock opened at $120.50 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market capitalization 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 52-week low of $90.74 and a 52-week high of $122.48. The company’s 50 day simple moving average is $111.57 and its 200-day simple moving average is $104.70.

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

Canadian National Railway Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is 48.73%.

About Canadian National Railway

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.