Kathmere Capital Management LLC Sells 6,644 Shares of Canadian National Railway (NYSE:CNI)

Kathmere Capital Management LLC decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 66.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,326 shares of the transportation company’s stock after selling 6,644 shares during the quarter. Kathmere Capital Management LLC’s holdings in Canadian National Railway were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNI. Fortitude Family Office LLC grew its position in Canadian National Railway by 738.7% in the 3rd 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 bought a new position in shares of Canadian National Railway in the third quarter valued at $34,000. Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway during the third quarter valued at about $41,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Canadian National Railway during the third quarter worth about $56,000. Finally, JCIC Asset Management Inc. raised its holdings in shares of Canadian National Railway by 72.3% in the 4th quarter. JCIC Asset Management Inc. now owns 684 shares of the transportation company’s stock worth $69,000 after acquiring an additional 287 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.3 %

Shares of Canadian National Railway stock opened at $101.98 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $64.13 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.21 and a beta of 0.91. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The stock’s 50-day simple moving average is $105.85 and its 200 day simple moving average is $112.09.

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

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.6108 per share. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.40%. Canadian National Railway’s payout ratio is 38.30%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CNI. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Canadian National Railway in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.77.

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.