Delaney Dennis R Sells 3,130 Shares of Canadian National Railway Company $CNI

Delaney Dennis R lessened its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 47,077 shares of the transportation company’s stock after selling 3,130 shares during the period. Canadian National Railway makes up approximately 2.5% of Delaney Dennis R’s holdings, making the stock its 20th largest holding. Delaney Dennis R’s holdings in Canadian National Railway were worth $4,898,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CNI. Kingstone Capital Partners Texas LLC purchased a new position in shares of Canadian National Railway during the second quarter worth approximately $310,489,000. The Manufacturers Life Insurance Company increased its holdings in Canadian National Railway by 37.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock worth $518,260,000 after purchasing an additional 1,439,617 shares during the period. Nuveen LLC purchased a new position in Canadian National Railway during the 1st quarter worth $112,216,000. Price T Rowe Associates Inc. MD raised its position in Canadian National Railway by 20.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock valued at $646,983,000 after purchasing an additional 1,148,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Canadian National Railway by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after buying an additional 755,518 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. Royal Bank Of Canada dropped their target price on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Wells Fargo & Company reduced 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 note on Monday, October 6th. Bank of America lowered their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $114.30.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $94.51 on Monday. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $116.79. 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 firm has a market cap of $58.67 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.14 and a beta of 0.96. The business’s 50 day moving average price is $94.54 and its 200 day moving average price is $98.94.

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 analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were given a $0.6507 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is 50.19%.

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.