Venturi Wealth Management LLC Lowers Holdings in Canadian National Railway (NYSE:CNI)

Venturi Wealth Management LLC trimmed its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,949 shares of the transportation company’s stock after selling 509 shares during the quarter. Venturi Wealth Management LLC’s holdings in Canadian National Railway were worth $705,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. National Bank of Canada FI boosted its holdings in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock worth $570,550,000 after acquiring an additional 142,070 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after acquiring an additional 571,967 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after acquiring an additional 202,303 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.4 %

CNI stock opened at $102.42 on Thursday. The company has a market cap of $64.35 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.91 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The firm has a 50-day moving average of $102.66 and a two-hundred day moving average of $109.51.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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, analysts forecast that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company 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 $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.41%. Canadian National Railway’s dividend payout ratio is 46.68%.

Analyst Ratings Changes

Several research firms have recently issued reports on CNI. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price 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.