Blair William & Co. IL Sells 6,871 Shares of Canadian National Railway (NYSE:CNI)

Blair William & Co. IL reduced its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,190 shares of the transportation company’s stock after selling 6,871 shares during the period. Blair William & Co. IL’s holdings in Canadian National Railway were worth $6,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Canadian National Railway during the second quarter worth $26,000. Addison Advisors LLC lifted its holdings in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. GAMMA Investing LLC boosted its position in Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares in the last quarter. ORG Partners LLC bought a new stake in Canadian National Railway during the second quarter worth about $34,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Canadian National Railway during the first quarter worth approximately $64,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Shares of CNI stock opened at $117.11 on Friday. The firm’s 50 day moving average price is $116.23 and its two-hundred day moving average price is $122.20. The stock has a market cap of $74.06 billion, a PE ratio of 18.68, a PEG ratio of 2.56 and a beta of 0.88. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, analysts forecast that Canadian National Railway will post 5.58 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.614 per share. This represents a $2.46 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is 39.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CNI shares. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $146.25 to $130.67 in a report on Monday, July 8th. Bank of America cut their price target on Canadian National Railway from $132.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Stifel Nicolaus reduced their price target on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $137.35.

Canadian National Railway Company Profile

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.