Sunbelt Securities Inc. Has $416,000 Stock Holdings in Canadian National Railway (NYSE:CNI)

Sunbelt Securities Inc. raised its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,161 shares of the transportation company’s stock after acquiring an additional 197 shares during the period. Sunbelt Securities Inc.’s holdings in Canadian National Railway were worth $416,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after purchasing an additional 207 shares during the last quarter. Keener Financial Planning LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $46,000. Knuff & Co LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $50,000. ICA Group Wealth Management LLC bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $56,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CNI. Stifel Nicolaus increased their price target on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Jefferies Financial Group initiated coverage on Canadian National Railway in a report on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective for the company. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Susquehanna cut their price target on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Barclays boosted their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus target price of $148.95.

Canadian National Railway Stock Down 0.2 %

CNI opened at $118.01 on Friday. The stock has a fifty day moving average of $124.26 and a 200-day moving average of $126.22. The company has a market capitalization of $74.88 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.07 and a beta of 0.90. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. On average, equities analysts expect that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 39.08%.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.