L. Roy Papp & Associates LLP Sells 2,312 Shares of Canadian National Railway (NYSE:CNI)

L. Roy Papp & Associates LLP lowered its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,323 shares of the transportation company’s stock after selling 2,312 shares during the period. Canadian National Railway comprises about 2.3% of L. Roy Papp & Associates LLP’s holdings, making the stock its 14th largest holding. L. Roy Papp & Associates LLP’s holdings in Canadian National Railway were worth $18,885,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Canadian National Railway by 2.8% during the first quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock worth $2,683,831,000 after purchasing an additional 554,280 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Canadian National Railway by 5.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock valued at $1,421,649,000 after acquiring an additional 625,500 shares during the last quarter. Norges Bank bought a new stake in shares of Canadian National Railway in the 4th quarter valued at about $727,713,000. Deutsche Bank AG lifted its stake in shares of Canadian National Railway by 7.3% in the 3rd quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company’s stock valued at $604,011,000 after acquiring an additional 378,513 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Canadian National Railway by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 4,477,999 shares of the transportation company’s stock valued at $487,145,000 after acquiring an additional 97,818 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna Bancshares boosted their target price on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Susquehanna lowered their target price on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America boosted their target price on Canadian National Railway from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company upped their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average target price of $146.70.

Canadian National Railway Stock Up 0.0 %

Shares of CNI stock traded up $0.06 during midday trading on Friday, reaching $131.71. 786,867 shares of the stock were exchanged, compared to its average volume of 978,102. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The firm has a market cap of $84.34 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.88. The company’s 50 day moving average is $128.57 and its two-hundred day moving average is $119.64. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, equities research analysts predict that Canadian National Railway will post 5.96 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a $0.638 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s dividend payout ratio (DPR) is 39.59%.

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.