Atwater Malick LLC Sells 5,503 Shares of Canadian National Railway (NYSE:CNI)

Atwater Malick LLC lowered its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,076 shares of the transportation company’s stock after selling 5,503 shares during the quarter. Canadian National Railway comprises approximately 2.4% of Atwater Malick LLC’s portfolio, making the stock its 18th largest holding. Atwater Malick LLC’s holdings in Canadian National Railway were worth $7,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNI. Fortitude Family Office LLC grew its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the third quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in Canadian National Railway in the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.4 %

NYSE:CNI opened at $101.54 on Friday. The firm 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. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average of $105.62 and a 200 day moving average of $112.02. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02.

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

Canadian National Railway Cuts Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $174.00 price target on shares of Canadian National Railway in a research report on Friday, January 10th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.02.

About Canadian National Railway

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.