First Horizon Advisors Inc. Sells 1,311 Shares of Canadian National Railway (NYSE:CNI)

First Horizon Advisors Inc. lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 72.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the transportation company’s stock after selling 1,311 shares during the period. First Horizon Advisors Inc.’s holdings in Canadian National Railway were worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CNI. Assenagon Asset Management S.A. increased its stake in Canadian National Railway by 10.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 18,440 shares of the transportation company’s stock worth $2,162,000 after acquiring an additional 1,752 shares during the period. Fortitude Family Office LLC increased its stake in Canadian National Railway by 738.7% during the 3rd 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. Valmark Advisers Inc. bought a new position in Canadian National Railway during the 3rd quarter worth $716,000. First Trust Direct Indexing L.P. increased its stake in Canadian National Railway by 2.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,962 shares of the transportation company’s stock worth $1,167,000 after acquiring an additional 268 shares during the period. Finally, Financial Advocates Investment Management increased its stake in Canadian National Railway by 6.0% during the 3rd quarter. Financial Advocates Investment Management now owns 3,817 shares of the transportation company’s stock worth $447,000 after acquiring an additional 216 shares during the period. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNI. Susquehanna decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Down 0.6 %

Shares of CNI opened at $99.91 on Friday. The company has a market capitalization of $62.77 billion, a PE ratio of 19.51, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The stock’s 50-day moving average price is $102.53 and its two-hundred day moving average price is $109.13. 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 announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. On average, analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.47%. Canadian National Railway’s payout ratio is presently 47.66%.

Canadian National Railway 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.