Congress Wealth Management LLC DE Cuts Stock Position in Canadian National Railway (NYSE:CNI)

Congress Wealth Management LLC DE decreased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 21.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,970 shares of the transportation company’s stock after selling 1,937 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Canadian National Railway were worth $708,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Canadian National Railway in the 4th quarter worth about $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the fourth quarter worth about $30,000. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CNI shares. Stifel Nicolaus upped their price objective on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada lowered their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Bank of America dropped their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $97.39 on Friday. The stock has a market cap of $61.20 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock’s fifty day moving average is $101.07 and its 200 day moving average is $106.64. Canadian National Railway has a one year low of $93.64 and a one year high of $132.27.

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

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.66%.

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.