Canadian National Railway (NYSE:CNI) Shares Sold by ICW Investment Advisors LLC

ICW Investment Advisors LLC trimmed its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,965 shares of the transportation company’s stock after selling 196 shares during the quarter. ICW Investment Advisors LLC’s holdings in Canadian National Railway were worth $1,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FineMark National Bank & Trust lifted its position in Canadian National Railway by 27.7% during the second quarter. FineMark National Bank & Trust now owns 27,843 shares of the transportation company’s stock worth $3,289,000 after buying an additional 6,039 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Canadian National Railway by 13.3% during the 2nd quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock worth $643,503,000 after acquiring an additional 638,817 shares during the period. Nicola Wealth Management LTD. boosted its position in shares of Canadian National Railway by 22.9% during the 2nd quarter. Nicola Wealth Management LTD. now owns 133,200 shares of the transportation company’s stock valued at $15,735,000 after acquiring an additional 24,800 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Canadian National Railway by 4.1% in the second quarter. Van ECK Associates Corp now owns 160,790 shares of the transportation company’s stock valued at $19,002,000 after purchasing an additional 6,297 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Canadian National Railway by 14.5% in the second quarter. Concurrent Investment Advisors LLC now owns 7,185 shares of the transportation company’s stock valued at $849,000 after purchasing an additional 911 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.7 %

Shares of NYSE:CNI traded down $0.79 during trading on Friday, hitting $115.93. The company’s stock had a trading volume of 171,601 shares, compared to its average volume of 1,068,285. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The business has a 50 day moving average price of $116.30 and a two-hundred day moving average price of $123.15. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The company has a market capitalization of $73.32 billion, a PE ratio of 18.67, a P/E/G ratio of 2.41 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, research analysts expect that Canadian National Railway will post 5.64 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.12%. Canadian National Railway’s payout ratio is 39.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $146.25 to $130.67 in a report on Monday, July 8th. Stephens decreased their price objective on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Barclays lowered their price objective on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Susquehanna reduced their target price on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Sixteen investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.35.

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.