Dempze Nancy E Sells 1,541 Shares of Canadian National Railway Company $CNI

Dempze Nancy E reduced its holdings in shares of Canadian National Railway Company (NYSE:CNIFree Report) (TSE:CNR) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,355 shares of the transportation company’s stock after selling 1,541 shares during the period. Canadian National Railway comprises approximately 1.4% of Dempze Nancy E’s portfolio, making the stock its 27th biggest holding. Dempze Nancy E’s holdings in Canadian National Railway were worth $2,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sax Wealth Advisors LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $231,000. Shell Asset Management Co. grew its position in Canadian National Railway by 53.4% during the second quarter. Shell Asset Management Co. now owns 32,332 shares of the transportation company’s stock valued at $3,362,000 after acquiring an additional 11,259 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $206,000. DAVENPORT & Co LLC grew its position in Canadian National Railway by 5.1% during the second quarter. DAVENPORT & Co LLC now owns 9,960 shares of the transportation company’s stock valued at $1,036,000 after acquiring an additional 487 shares during the last quarter. Finally, Ascent Group LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $318,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

CNI opened at $96.37 on Thursday. The stock has a fifty day simple moving average of $94.47 and a two-hundred day simple moving average of $99.00. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The company has a market cap of $59.83 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $116.79.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 EPS. Research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were issued a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. Canadian National Railway’s dividend payout ratio is currently 50.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CNI. Argus upgraded shares of Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. Susquehanna reduced their price target on shares of Canadian National Railway from $120.00 to $115.00 and set a “positive” rating on the stock in a research report on Thursday, September 25th. Wall Street Zen lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Finally, Citigroup dropped their price objective on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.30.

Check Out Our Latest Stock Report on Canadian National Railway

Canadian National Railway Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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