Douglass Winthrop Advisors LLC Has $118.55 Million Stake in Canadian National Railway (NYSE:CNI)

Douglass Winthrop Advisors LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,011,923 shares of the transportation company’s stock after purchasing an additional 12,473 shares during the quarter. Canadian National Railway accounts for about 2.3% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 17th biggest position. Douglass Winthrop Advisors LLC owned about 0.16% of Canadian National Railway worth $118,547,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway during the 2nd quarter worth approximately $26,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after acquiring an additional 148 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares during the period. ORG Partners LLC bought a new stake in Canadian National Railway in the 2nd quarter valued at $34,000. Finally, Coastline Trust Co acquired a new position in Canadian National Railway in the 3rd quarter worth $34,000. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the topic of several recent research reports. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Susquehanna cut their target price on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein reduced their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Stifel Nicolaus increased their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $125.48.

Canadian National Railway Stock Performance

CNI opened at $111.24 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $105.28 and a 12-month high of $134.02. The business has a 50 day moving average of $113.14 and a 200-day moving average of $117.11. The stock has a market cap of $70.06 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.51 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

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.