Wealth Enhancement Advisory Services LLC Has $1.92 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Wealth Enhancement Advisory Services LLC cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,586 shares of the transportation company’s stock after selling 1,158 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Canadian National Railway were worth $1,921,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Janiczek Wealth Management LLC raised its holdings in Canadian National Railway by 15.1% in the first quarter. Janiczek Wealth Management LLC now owns 1,059 shares of the transportation company’s stock worth $139,000 after purchasing an additional 139 shares during the period. GoalVest Advisory LLC acquired a new stake in shares of Canadian National Railway during the first quarter worth $349,000. Sunbelt Securities Inc. raised its holdings in shares of Canadian National Railway by 6.6% during the first quarter. Sunbelt Securities Inc. now owns 3,161 shares of the transportation company’s stock worth $416,000 after acquiring an additional 197 shares during the period. Kwmg LLC raised its holdings in shares of Canadian National Railway by 1.2% during the first quarter. Kwmg LLC now owns 48,915 shares of the transportation company’s stock worth $6,443,000 after acquiring an additional 586 shares during the period. Finally, Affinity Capital Advisors LLC acquired a new stake in shares of Canadian National Railway during the first quarter worth $790,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $119.09 on Friday. The company has a market capitalization of $75.56 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. The company has a 50-day simple moving average of $123.32 and a 200 day simple moving average of $126.15. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. On average, sell-side analysts predict that Canadian National Railway will post 5.89 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway’s payout ratio is 39.08%.

Analyst Ratings Changes

A number of brokerages recently commented on CNI. Susquehanna dropped their price objective on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Jefferies Financial Group started coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price target on the stock. StockNews.com lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Company started coverage on shares of Canadian National Railway in a research note on Friday, June 7th. They issued an “equal weight” rating and a $130.00 price target on the stock. Eighteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.95.

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.