Sequoia Financial Advisors LLC Has $722,000 Stock Holdings in Canadian National Railway Company $CNI

Sequoia Financial Advisors LLC lifted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 54.5% during the second quarter, HoldingsChannel.com reports. The fund owned 6,939 shares of the transportation company’s stock after purchasing an additional 2,448 shares during the period. Sequoia Financial Advisors LLC’s holdings in Canadian National Railway were worth $722,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dagco Inc. bought a new stake in Canadian National Railway during the 1st quarter worth approximately $32,000. Brooklyn Investment Group increased its stake in Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC increased its stake in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after purchasing an additional 171 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian National Railway during the 1st quarter worth approximately $74,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of CNI opened at $95.69 on Friday. The stock has a market capitalization of $59.21 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.17 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $114.99. The company has a 50 day moving average of $94.79 and a 200-day moving average of $98.84. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business posted $1.84 earnings per share. Canadian National Railway’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were paid a $0.6507 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is 50.19%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna lowered their target price on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. Barclays lowered their target price on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Royal Bank Of Canada decreased their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America decreased their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.90.

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.