Broderick Brian C Sells 18,974 Shares of Canadian National Railway Company (NYSE:CNI)

Broderick Brian C lessened its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 18.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,818 shares of the transportation company’s stock after selling 18,974 shares during the period. Canadian National Railway accounts for 1.7% of Broderick Brian C’s investment portfolio, making the stock its 24th largest position. Broderick Brian C’s holdings in Canadian National Railway were worth $8,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. raised its stake in Canadian National Railway by 0.5% in the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock valued at $2,171,000 after acquiring an additional 100 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock worth $34,000 after buying an additional 106 shares during the period. Voya Investment Management LLC grew its stake in Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock valued at $807,000 after buying an additional 112 shares in the last quarter. Gradient Investments LLC grew its stake in Canadian National Railway by 2.1% in the 1st quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company’s stock valued at $527,000 after buying an additional 112 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CNI. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Stephens upped their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $163.00 target price on shares of Canadian National Railway in a research note on Thursday, June 5th. Finally, Susquehanna raised shares of Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price target for the company in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $120.36.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $102.03 on Wednesday. The company’s fifty day moving average price is $102.24 and its 200-day moving average price is $101.77. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a market capitalization of $64.06 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.95 and a beta of 0.98. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Canadian National Railway’s previous dividend of $0.29. This represents a dividend yield of 2.47%. Canadian National Railway’s dividend payout ratio is 50.49%.

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.