Capital International Inc. CA Has $25.81 Million Stock Holdings in Canadian National Railway Company $CNI

Capital International Inc. CA trimmed its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 260,931 shares of the transportation company’s stock after selling 10,183 shares during the period. Capital International Inc. CA’s holdings in Canadian National Railway were worth $25,807,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada boosted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Barclays boosted their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Citigroup boosted their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Price Performance

Shares of CNI opened at $120.50 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a 50 day simple moving average of $111.57 and a 200 day simple moving average of $104.70. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $122.48. The firm has a market capitalization of $73.23 billion, a PE ratio of 21.91, a P/E/G ratio of 2.31 and a beta of 0.96.

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 (EPS) for the quarter, meeting 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 in the previous year, the firm earned $1.85 EPS. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.0%. Canadian National Railway’s payout ratio is presently 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.