Foster & Motley Inc. Sells 211 Shares of Canadian National Railway (NYSE:CNI)

Foster & Motley Inc. decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,125 shares of the transportation company’s stock after selling 211 shares during the period. Foster & Motley Inc.’s holdings in Canadian National Railway were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co bought a new stake in Canadian National Railway during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 acquiring an additional 108 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the third quarter worth about $41,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of Canadian National Railway in the third quarter worth about $56,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 0.6 %

Shares of CNI opened at $104.58 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a market cap of $65.77 billion, a PE ratio of 16.76, a P/E/G ratio of 2.41 and a beta of 0.91. The business has a fifty day moving average of $104.62 and a 200 day moving average of $111.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released 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 return on equity of 23.62% and a net margin of 31.65%. On average, sell-side analysts expect that Canadian National Railway will post 5.12 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.36%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 38.14%.

Analyst Ratings Changes

Several research firms have weighed in on CNI. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group cut their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One analyst has 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

About Canadian National Railway

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.