Bleakley Financial Group LLC Sells 235 Shares of Canadian National Railway (NYSE:CNI)

Bleakley Financial Group LLC decreased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,553 shares of the transportation company’s stock after selling 235 shares during the period. Bleakley Financial Group LLC’s holdings in Canadian National Railway were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNI. Inspire Investing LLC lifted its stake in Canadian National Railway by 8.0% in the third quarter. Inspire Investing LLC now owns 23,484 shares of the transportation company’s stock worth $2,750,000 after acquiring an additional 1,745 shares during the period. Cardinal Capital Management Inc. raised its holdings in Canadian National Railway by 1.0% in the 3rd quarter. Cardinal Capital Management Inc. now owns 475,519 shares of the transportation company’s stock worth $55,750,000 after purchasing an additional 4,840 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Canadian National Railway by 3.9% in the 3rd quarter. CHICAGO TRUST Co NA now owns 13,262 shares of the transportation company’s stock worth $1,554,000 after purchasing an additional 497 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Canadian National Railway by 3.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 135 shares in the last quarter. Finally, Grove Bank & Trust increased its position in shares of Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.6 %

CNI opened at $101.53 on Monday. The firm’s 50 day simple moving average is $103.56 and its two-hundred day simple moving average is $110.19. The company has a market capitalization of $63.85 billion, a PE ratio of 19.83, a PEG ratio of 1.94 and a beta of 0.91. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities analysts forecast that Canadian National Railway will post 5.49 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. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.43%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 46.68%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNI. Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Bank of America decreased their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Company Profile

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.