Callahan Advisors LLC Decreases Stock Position in Canadian National Railway Company $CNI

Callahan Advisors LLC cut its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 25.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 58,422 shares of the transportation company’s stock after selling 19,588 shares during the quarter. Callahan Advisors LLC’s holdings in Canadian National Railway were worth $5,775,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Canadian National Railway by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock valued at $2,437,679,000 after purchasing an additional 346,670 shares during the period. Bank of Montreal Can increased its holdings in shares of Canadian National Railway by 0.3% in the third quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock valued at $1,338,948,000 after purchasing an additional 42,907 shares during the period. Caisse de depot et placement du Quebec increased its holdings in shares of Canadian National Railway by 1.1% in the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock valued at $1,310,600,000 after purchasing an additional 157,000 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Canadian National Railway by 0.4% in the third quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock valued at $813,287,000 after purchasing an additional 35,938 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 1.4%

Canadian National Railway stock opened at $114.74 on Thursday. The firm has a market cap of $69.73 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.95. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $115.80. The business’s 50-day moving average price is $107.88 and its 200 day moving average price is $102.82. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. As a group, sell-side analysts anticipate that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein increased their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada increased their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Stephens dropped their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Finally, Evercore dropped their target price on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $122.04.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.