Brown Advisory Inc. Sells 37,610 Shares of Canadian National Railway Company $CNI

Brown Advisory Inc. reduced its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 855,544 shares of the transportation company’s stock after selling 37,610 shares during the quarter. Brown Advisory Inc.’s holdings in Canadian National Railway were worth $84,571,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Canadian National Railway by 19.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 103 shares during the period. Tacita Capital Inc increased its position in Canadian National Railway by 0.6% during the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after acquiring an additional 109 shares during the period. Roberts Glore & Co. Inc. IL increased its position in Canadian National Railway by 1.5% during the fourth 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 during the period. EverSource Wealth Advisors LLC increased its position in Canadian National Railway by 10.1% during the third 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 during the period. Finally, Patten Group Inc. increased its position in Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after acquiring an additional 114 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $119.02 on Monday. The firm has a market capitalization of $72.21 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. The firm has a fifty day simple moving average of $113.32 and a two-hundred day simple moving average of $105.64. 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 12 month low of $90.74 and a 12 month high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results 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 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 in the prior year, the business posted $1.85 EPS. The business’s revenue was down .5% compared to the same quarter last year. Analysts forecast that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.1%. Canadian National Railway’s dividend payout ratio is 48.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research note on Tuesday, June 9th. Citigroup lifted their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays lifted their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. 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, the company presently has a consensus rating of “Hold” and a consensus target price of $122.04.

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.