Canadian National Railway (NYSE:CNI) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,309,293 shares of the transportation company’s stock after selling 28,261 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Canadian National Railway were worth $165,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CNI. Outlook Wealth Advisors LLC purchased a new position in shares of Canadian National Railway during the 4th quarter worth about $207,000. Simplicity Solutions LLC boosted its position in shares of Canadian National Railway by 28.2% in the fourth quarter. Simplicity Solutions LLC now owns 5,002 shares of the transportation company’s stock worth $628,000 after buying an additional 1,101 shares during the period. AlphaQ Advisors LLC raised its holdings in shares of Canadian National Railway by 75.3% during the 4th quarter. AlphaQ Advisors LLC now owns 4,264 shares of the transportation company’s stock valued at $536,000 after buying an additional 1,831 shares during the period. NewEdge Wealth LLC lifted its position in Canadian National Railway by 89.8% during the 4th quarter. NewEdge Wealth LLC now owns 16,621 shares of the transportation company’s stock worth $2,088,000 after acquiring an additional 7,862 shares in the last quarter. Finally, YCG LLC lifted its position in Canadian National Railway by 6.0% during the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after acquiring an additional 14,249 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNI shares. Stephens lifted their price objective on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. CIBC cut shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 10th. Finally, Susquehanna reduced their price target on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Eighteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $147.52.

Canadian National Railway Stock Up 0.3 %

Shares of Canadian National Railway stock opened at $128.79 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The firm has a market capitalization of $82.47 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.88. The stock’s fifty day moving average is $129.81 and its 200-day moving average is $121.30.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Equities analysts anticipate that Canadian National Railway will post 5.96 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a $0.638 dividend. This represents a $2.55 annualized dividend and a yield of 1.98%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s payout ratio is currently 39.59%.

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.