1 day Ago By ABMN Staff
Wells Fargo & Company MN lowered its position in Canadian National Railway ( NYSE:CNI – Free Report ) (TSE:CNR) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,563 shares of the transportation company’s stock after selling 2,657 shares during the period.
Wells Fargo & Company MN’s holdings in Canadian National Railway were worth $19,446,000 at the end of the most recent reporting period. A number of other large investors also recently made changes to their positions in CNI. Synovus Financial Corp boosted its position in Canadian National Railway by 82.
3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after purchasing an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at about $436,000.
Threadgill Financial LLC increased its holdings in Canadian National Railway by 75.9% during the fourth quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company’s stock worth $2,282,000 after buying an additional 9,701 shares during the last quarter.
CIBC Asset Management Inc raised its position in Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after acquiring an additional 571,967 shares during the period.
Finally, Blue Trust Inc. raised its position in Canadian National Railway by 26.5% in the fourth quarter.
Blue Trust Inc. now owns 1,646 shares of the transportation company’s stock worth $167,000 after acquiring an additional 345 shares during the period. 80.
74% of the stock is owned by institutional investors. Canadian National Railway Stock Performance Canadian National Railway stock opened at $99.77 on Monday.
Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $130.63.
The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.
94. The firm has a market capitalization of $62.70 billion, a PE ratio of 19.
49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.
The firm’s 50 day simple moving average is $99.36 and its 200 day simple moving average is $104.82.
Canadian National Railway Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $0.6159 dividend.
The ex-dividend date was Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.
47%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61.
Canadian National Railway’s dividend payout ratio (DPR) is presently 47.66%. Analyst Ratings Changes CNI has been the subject of several research analyst reports.
Stifel Nicolaus raised their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st.
JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th.
Citigroup decreased their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, April 8th.
Finally, Jefferies Financial Group dropped their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th.
Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.19.
Read Our Latest Research Report on Canadian National Railway About Canadian National Railway ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Canadian National Railway ( NYSE:CNI – Free Report ) (TSE:CNR). Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter .
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