Private Advisor Group LLC Has $1.11 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Private Advisor Group LLC decreased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,472 shares of the transportation company’s stock after selling 940 shares during the period. Private Advisor Group LLC’s holdings in Canadian National Railway were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth $26,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Canadian National Railway during the second quarter worth $34,000. Daiwa Securities Group Inc. bought a new position in shares of Canadian National Railway in the first quarter worth $64,000. Finally, GAMMA Investing LLC increased its position in shares of Canadian National Railway by 151.7% in the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock worth $70,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $108.20 on Friday. The business’s 50-day moving average price is $115.40 and its 200-day moving average price is $118.82. Canadian National Railway has a 12 month low of $107.56 and a 12 month high of $134.02. The firm has a market capitalization of $68.04 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.46 and a beta of 0.88. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Equities research analysts forecast that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CNI shares. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Barclays raised their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Citigroup lifted their target price on Canadian National Railway from $125.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Sanford C. Bernstein decreased their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Finally, Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.18.

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.