Cromwell Holdings LLC Has $86,000 Stock Position in Canadian National Railway (NYSE:CNI)

Cromwell Holdings LLC decreased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 852 shares of the transportation company’s stock after selling 316 shares during the period. Cromwell Holdings LLC’s holdings in Canadian National Railway were worth $86,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew 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 worth $34,000 after acquiring an additional 108 shares during the last quarter. Catalytic Wealth RIA LLC boosted its stake in Canadian National Railway by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after buying an additional 123 shares in the last quarter. Assetmark Inc. boosted its stake in Canadian National Railway by 3.1% during the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock worth $583,000 after buying an additional 152 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in Canadian National Railway by 5.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after buying an additional 152 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Canadian National Railway by 5.3% during the third quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock worth $369,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI opened at $103.81 on Friday. 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 has a 50 day simple moving average of $102.64 and a 200 day simple moving average of $109.47. Canadian National Railway has a 52-week low of $98.69 and a 52-week high of $134.02. The firm has a market capitalization of $65.22 billion, a PE ratio of 20.28, a P/E/G ratio of 1.93 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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 net margin of 26.09% and a return on equity of 22.48%. Sell-side analysts predict that Canadian National Railway will post 5.5 EPS 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. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 46.68%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CNI shares. Susquehanna reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Royal Bank of Canada dropped their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their target price on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Two 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.