Valley Brook Capital Group Inc. Trims Holdings in Canadian National Railway (NYSE:CNI)

Valley Brook Capital Group Inc. trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,955 shares of the transportation company’s stock after selling 270 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Canadian National Railway were worth $300,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Fortitude Family Office LLC increased its position in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the period. Arlington Trust Co LLC bought a new position in Canadian National Railway in the 4th quarter worth about $30,000. Coastline Trust Co acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $41,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.3 %

Shares of Canadian National Railway stock opened at $102.85 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a market cap of $64.67 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.94 and a beta of 0.91. The stock has a 50-day simple moving average of $103.38 and a 200-day simple moving average of $110.07. Canadian National Railway has a 52-week low of $98.69 and a 52-week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities research analysts expect that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed 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 is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is currently 46.68%.

Wall Street Analysts Forecast Growth

CNI has been the topic of several analyst reports. Susquehanna lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.