Corient Private Wealth LLC Sells 1,612 Shares of Canadian National Railway (NYSE:CNI)

Corient Private Wealth LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,531 shares of the transportation company’s stock after selling 1,612 shares during the quarter. Corient Private Wealth LLC’s holdings in Canadian National Railway were worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CNI. Avior Wealth Management LLC raised its holdings in Canadian National Railway by 103.4% in the 3rd quarter. Avior Wealth Management LLC now owns 2,427 shares of the transportation company’s stock worth $284,000 after purchasing an additional 1,234 shares during the period. Commerce Bank raised its holdings in Canadian National Railway by 8.9% in the 3rd quarter. Commerce Bank now owns 5,278 shares of the transportation company’s stock worth $618,000 after purchasing an additional 431 shares during the period. Advisors Asset Management Inc. raised its holdings in Canadian National Railway by 41.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 9,644 shares of the transportation company’s stock worth $1,130,000 after purchasing an additional 2,845 shares during the period. Moors & Cabot Inc. raised its holdings in Canadian National Railway by 7.1% in the 3rd quarter. Moors & Cabot Inc. now owns 6,060 shares of the transportation company’s stock worth $710,000 after purchasing an additional 400 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in Canadian National Railway by 2.3% in the 3rd quarter. King Luther Capital Management Corp now owns 8,932 shares of the transportation company’s stock worth $1,046,000 after purchasing an additional 200 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 1.1 %

Shares of NYSE:CNI opened at $96.71 on Friday. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.73. The business has a 50 day simple moving average of $101.27 and a two-hundred day simple moving average of $107.21. The firm has a market capitalization of $60.77 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is currently 47.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CNI shares. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Barclays decreased their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Susquehanna decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

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.