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

Sanibel Captiva Trust Company Inc. lessened its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

Other large investors have also modified their holdings of the company. Grove Bank & Trust increased its stake in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position 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. Catalytic Wealth RIA LLC raised its stake in Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after purchasing an additional 123 shares during the last quarter. Harrington Investments INC lifted its holdings in Canadian National Railway by 0.6% in the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock valued at $2,384,000 after purchasing an additional 130 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Canadian National Railway by 15.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock worth $113,000 after purchasing an additional 131 shares during the last quarter. 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 Monday. 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 firm has a market cap of $63.85 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.21 and a beta of 0.91. The firm has a 50 day simple moving average of $105.44 and a 200-day simple moving average of $111.87. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The business 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 quarter in the previous year, the firm posted $1.26 earnings per share. Equities research analysts anticipate that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Stephens restated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $132.00 to $120.00 in a research report on Thursday. Wells Fargo & Company dropped their target price 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. Finally, Barclays cut their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.02.

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.