Angeles Investment Advisors LLC Decreases Stake in Canadian National Railway (NYSE:CNI)

Angeles Investment Advisors LLC decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,130 shares of the transportation company’s stock after selling 266 shares during the period. Angeles Investment Advisors LLC’s holdings in Canadian National Railway were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Canadian National Railway in the 2nd quarter valued at $26,000. Addison Advisors LLC increased its holdings in Canadian National Railway by 159.1% in 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 in the last quarter. Fortitude Family Office LLC raised its position in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the period. ORG Partners LLC purchased a new position in Canadian National Railway in the second quarter valued at about $34,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Canadian National Railway in the third quarter worth about $41,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

NYSE:CNI traded down $0.28 during midday trading on Wednesday, reaching $111.29. 55,472 shares of the company traded hands, compared to its average volume of 1,111,339. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. Canadian National Railway has a twelve month low of $107.54 and a twelve month high of $134.02. The company has a fifty day moving average price of $114.46 and a 200 day moving average price of $117.93. The firm has a market capitalization of $69.98 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, analysts expect that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is 39.26%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CNI shares. The Goldman Sachs Group dropped their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stephens reissued an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Susquehanna dropped their target price on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target for the company in a report on Monday, October 7th. Finally, Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.48.

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.