Coleford Investment Management Ltd. Cuts Holdings in Canadian National Railway Company $CNI

Coleford Investment Management Ltd. decreased its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,706 shares of the transportation company’s stock after selling 1,330 shares during the period. Canadian National Railway comprises about 4.0% of Coleford Investment Management Ltd.’s investment portfolio, making the stock its 12th biggest position. Coleford Investment Management Ltd.’s holdings in Canadian National Railway were worth $15,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Bennett Selby Investments LP grew its position in Canadian National Railway by 2.2% in the second quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock worth $499,000 after acquiring an additional 101 shares in the last quarter. Heartland Advisors Inc. raised its position in Canadian National Railway by 0.9% during the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 108 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Canadian National Railway by 13.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock worth $97,000 after purchasing an additional 110 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Canadian National Railway by 3.3% in the 2nd quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock worth $373,000 after purchasing an additional 115 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Canadian National Railway by 5.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after purchasing an additional 119 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 1.5%

Shares of NYSE CNI opened at $94.54 on Friday. The firm’s fifty day moving average is $94.96 and its 200 day moving average is $98.63. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $114.13. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market cap of $58.49 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.13 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the company posted $1.72 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be issued a dividend of $0.8875 per share. The ex-dividend date is Tuesday, December 9th. This represents a $3.55 dividend on an annualized basis and a yield of 3.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.01%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNI. Bank of America decreased their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. Citigroup upped their price objective on shares of Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $114.00.

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.