Callan Capital LLC Has $214,000 Stock Holdings in Canadian National Railway (NYSE:CNI)

Callan Capital LLC lowered its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 19.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,104 shares of the transportation company’s stock after selling 501 shares during the quarter. Callan Capital LLC’s holdings in Canadian National Railway were worth $214,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the period. Catalytic Wealth RIA LLC lifted its holdings in Canadian National Railway by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after acquiring an additional 123 shares in the last quarter. Assetmark Inc. grew its stake in Canadian National Railway by 3.1% in the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock valued at $583,000 after acquiring an additional 152 shares during the period. Banque Cantonale Vaudoise increased its holdings in shares of Canadian National Railway by 5.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after acquiring an additional 152 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Canadian National Railway by 5.3% during the third quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock worth $369,000 after purchasing an additional 158 shares during the period. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNI. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Stifel Nicolaus raised their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays cut their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $103.98 on Monday. The stock has a market capitalization of $65.33 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02. The stock has a 50 day moving average price of $102.64 and a 200 day moving average price of $109.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.37%. Canadian National Railway’s payout ratio is currently 46.68%.

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.