Larson Financial Group LLC Sells 386 Shares of Canadian National Railway (NYSE:CNI)

Larson Financial Group LLC cut its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,160 shares of the transportation company’s stock after selling 386 shares during the period. Larson Financial Group LLC’s holdings in Canadian National Railway were worth $118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after purchasing an additional 114 shares in the last quarter. Catalytic Wealth RIA LLC grew its holdings in shares of Canadian National Railway by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after purchasing an additional 123 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Canadian National Railway by 3.1% during the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock worth $583,000 after purchasing an additional 152 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 2.9 %

Shares of Canadian National Railway stock opened at $95.33 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 52-week low of $93.64 and a 52-week high of $134.02. The stock has a market capitalization of $59.89 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.95 and a beta of 0.91. The company’s 50 day moving average price is $102.08 and its 200-day moving average price is $108.28.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.58%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.85%.

Wall Street Analysts Forecast Growth

CNI has been the subject of several recent analyst reports. Susquehanna cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned 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 $124.19.

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.