Dorsey & Whitney Trust CO LLC Grows Stock Holdings in Canadian National Railway (NYSE:CNI)

Dorsey & Whitney Trust CO LLC grew its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 23.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,826 shares of the transportation company’s stock after acquiring an additional 536 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Canadian National Railway were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Canadian National Railway during the second quarter valued at approximately $26,000. GAMMA Investing LLC grew its position in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after purchasing an additional 148 shares during the period. ORG Partners LLC bought a new position in shares of Canadian National Railway in the second quarter worth $34,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Canadian National Railway in the first quarter worth $64,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. StockNews.com cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $146.25 to $130.67 in a research note on Monday, July 8th. Bank of America cut their price target on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price objective on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Sixteen analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $137.35.

Canadian National Railway Trading Up 2.5 %

NYSE CNI opened at $119.44 on Friday. The firm has a market cap of $75.54 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The stock has a 50-day moving average of $116.17 and a 200-day moving average of $122.70. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian National Railway will post 5.64 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 39.07%.

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.