Cwm LLC Reduces Stock Position in Canadian National Railway (NYSE:CNI)

Cwm LLC decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,101 shares of the transportation company’s stock after selling 202 shares during the quarter. Cwm LLC’s holdings in Canadian National Railway were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Canadian National Railway during the 2nd quarter worth $26,000. GAMMA Investing LLC boosted its stake in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares during the last quarter. Addison Advisors LLC grew its holdings in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the period. ORG Partners LLC acquired a new position in shares of Canadian National Railway during the 2nd quarter valued at about $34,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Canadian National Railway during the 1st quarter worth about $64,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI opened at $113.62 on Friday. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $71.85 billion, a P/E ratio of 18.12, a PEG ratio of 2.56 and a beta of 0.88. The stock has a fifty day moving average of $115.94 and a 200-day moving average of $120.09.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. Equities analysts forecast that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a $0.614 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.16%. Canadian National Railway’s payout ratio is 39.07%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNI. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Sanford C. Bernstein reduced their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Citigroup began coverage on Canadian National Railway in a research note on Wednesday, October 9th. They set a “neutral” rating and a $125.00 price target for the company. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price for the company in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus target price of $126.02.

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.