Rockefeller Capital Management L.P. Sells 4,791 Shares of Canadian National Railway Company $CNI

Rockefeller Capital Management L.P. trimmed its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,993 shares of the transportation company’s stock after selling 4,791 shares during the period. Rockefeller Capital Management L.P.’s holdings in Canadian National Railway were worth $10,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at $27,000. Curio Wealth LLC bought a new position in shares of Canadian National Railway in the 4th quarter worth about $31,000. MidFirst Bank bought a new position in shares of Canadian National Railway in the 4th quarter worth about $31,000. Caitong International Asset Management Co. Ltd lifted its position in Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 280 shares during the period. Finally, Leonteq Securities AG purchased a new position in Canadian National Railway during the 4th quarter valued at about $39,000. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays lifted their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Sanford C. Bernstein upped 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, 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 research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average price target of $123.24.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $115.95 on Thursday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48. The firm’s 50-day moving average is $114.57 and its 200 day moving average is $106.74. The stock has a market cap of $70.35 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

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

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.2%. Canadian National Railway’s dividend payout ratio is presently 48.55%.

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.