Canadian National Railway (NYSE:CNI) Position Decreased by Creative Planning

Creative Planning reduced its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,792 shares of the transportation company’s stock after selling 1,056 shares during the quarter. Creative Planning’s holdings in Canadian National Railway were worth $7,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Canadian National Railway in the second quarter valued at $26,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 159.1% during the second 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 shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. ORG Partners LLC acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at $34,000. Finally, Daiwa Securities Group Inc. purchased a new position in Canadian National Railway in the 1st quarter worth about $64,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

NYSE CNI opened at $111.99 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $70.82 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a 50 day moving average price of $116.02 and a two-hundred day moving average price of $119.72.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, equities analysts predict that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio is 39.07%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stephens reiterated an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a report on Wednesday. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a research note on Monday, October 7th. National Bank Financial raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Barclays upped their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and an average price target of $125.10.

Canadian National Railway 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.