Canadian National Railway (NYSE:CNI) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,282 shares of the transportation company’s stock after selling 276 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Canadian National Railway were worth $333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings 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 valued at $30,000 after purchasing an additional 229 shares during the period. Coastline Trust Co purchased a new position in Canadian National Railway in the 3rd quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the period. Reston Wealth Management LLC purchased a new position in Canadian National Railway during the 3rd quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Canadian National Railway in the 3rd quarter worth $56,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Susquehanna decreased their price target on 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. Barclays cut their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. One research analyst has 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Trading Down 0.4 %

Shares of Canadian National Railway stock opened at $101.54 on Monday. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The business has a 50 day moving average price of $105.44 and a 200 day moving average price of $111.87. The company has a market capitalization of $63.85 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts anticipate that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.41%. Canadian National Railway’s dividend payout ratio (DPR) is 38.30%.

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.