FIL Ltd Sells 1,444,978 Shares of Canadian National Railway (NYSE:CNI)

FIL Ltd cut its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 33.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,828,530 shares of the transportation company's stock after selling 1,444,978 shares during the period. FIL Ltd owned approximately 0.45% of Canadian National Railway worth $287,231,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC increased its position 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 purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CNI shares. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Susquehanna decreased their price objective on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. 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 note on Friday, January 31st. Finally, Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.36.

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View Our Latest Stock Analysis on Canadian National Railway

Canadian National Railway Stock Down 1.7 %

Shares of NYSE:CNI opened at $94.84 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market cap of $59.60 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12 month low of $92.58 and a 12 month high of $132.27. The company's 50-day moving average price is $100.22 and its two-hundred day moving average price is $105.61.

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Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results 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 net margin of 26.09% and a return on equity of 22.48%. As a group, research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is presently 47.66%.

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.

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