Bennett Selby Investments LP Has $551,000 Stock Holdings in Canadian National Railway (NYSE:CNI)

Bennett Selby Investments LP lowered its stake in shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,384 shares of the transportation company’s stock after selling 321 shares during the period. Bennett Selby Investments LP’s holdings in Canadian National Railway were worth $551,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tyler Stone Wealth Management acquired a new position in shares of Canadian National Railway during the 2nd quarter worth about $30,000. Optiver Holding B.V. bought a new position in shares of Canadian National Railway during the 2nd quarter worth about $32,000. JFS Wealth Advisors LLC lifted its stake in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after purchasing an additional 229 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares during the period. Finally, Rational Advisors LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Canadian National Railway Trading Up 0.4 %

CNI stock traded up $0.47 during midday trading on Friday, hitting $128.65. 839,017 shares of the company’s stock were exchanged, compared to its average volume of 1,023,799. The stock’s fifty day moving average price is $127.45 and its 200-day moving average price is $118.41. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The company has a market cap of $82.59 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $132.12.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. Research analysts predict that Canadian National Railway will post 5.95 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a $0.638 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 6th. Canadian National Railway’s dividend payout ratio is currently 39.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CNI shares. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stephens lifted their target price 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. Citigroup increased their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Susquehanna Bancshares boosted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $144.20.

Get Our Latest Research Report on Canadian National Railway

Canadian National Railway Profile

(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.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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