US Bancorp DE Has $7.46 Million Holdings in Canadian National Railway Company $CNI

US Bancorp DE lessened its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 16.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 71,695 shares of the transportation company’s stock after selling 13,981 shares during the quarter. US Bancorp DE’s holdings in Canadian National Railway were worth $7,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dagco Inc. acquired a new position in Canadian National Railway during the first quarter worth approximately $32,000. CX Institutional acquired a new position in Canadian National Railway during the first quarter worth approximately $39,000. Brooklyn Investment Group increased its position in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after buying an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Canadian National Railway by 42.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after buying an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.0%

Shares of NYSE:CNI opened at $94.51 on Monday. The company has a fifty day moving average of $94.54 and a 200-day moving average of $98.94. The company has a market capitalization of $58.67 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a 52-week low of $91.07 and a 52-week high of $116.79.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. On average, equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were issued a $0.6507 dividend. The ex-dividend date was Monday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is currently 50.19%.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research analyst reports. Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. Citigroup cut their price target on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, July 9th. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective for the company. in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Finally, National Bank Financial downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.30.

Canadian National Railway Company 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.