Union Bancaire Privee UBP SA Sells 6,087 Shares of Canadian National Railway (NYSE:CNI)

Union Bancaire Privee UBP SA lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 55.8% in the 1st quarter, Holdings Channel reports. The firm owned 4,816 shares of the transportation company’s stock after selling 6,087 shares during the period. Union Bancaire Privee UBP SA’s holdings in Canadian National Railway were worth $439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC boosted its holdings in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Canadian National Railway during the 1st quarter valued at about $39,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.4%

Shares of NYSE CNI opened at $103.76 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market cap of $65.21 billion, a P/E ratio of 20.27, a PEG ratio of 1.95 and a beta of 0.98. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $123.96. The firm has a 50-day simple moving average of $101.93 and a two-hundred day simple moving average of $101.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. Research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.8875 dividend. The ex-dividend date is Monday, June 9th. This represents a yield of 2.47%. This is an increase from Canadian National Railway’s previous dividend of $0.29. Canadian National Railway’s dividend payout ratio (DPR) is presently 50.29%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CNI shares. Evercore ISI dropped their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Citigroup increased their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the company a “buy” rating in a report on Monday, June 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $163.00 price target on shares of Canadian National Railway in a report on Thursday, June 5th. Finally, Bank of America increased their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

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.