Delaney Dennis R Has $7.02 Million Holdings in Canadian National Railway (NYSE:CNI)

Delaney Dennis R lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 53,288 shares of the transportation company’s stock after selling 847 shares during the period. Canadian National Railway accounts for about 3.8% of Delaney Dennis R’s investment portfolio, making the stock its 9th biggest holding. Delaney Dennis R’s holdings in Canadian National Railway were worth $7,019,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Canadian National Railway by 61.1% during the fourth quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock valued at $20,375,000 after purchasing an additional 61,498 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Canadian National Railway by 1.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock worth $201,351,000 after acquiring an additional 17,083 shares during the period. YCG LLC boosted its stake in shares of Canadian National Railway by 6.0% in the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after acquiring an additional 14,249 shares during the period. Virtu Financial LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth about $816,000. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Canadian National Railway by 52.6% in the first quarter. Maryland State Retirement & Pension System now owns 30,442 shares of the transportation company’s stock worth $3,836,000 after acquiring an additional 10,496 shares during the period. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective for the company. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Stifel Nicolaus boosted their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company began coverage on Canadian National Railway in a research report on Friday, June 7th. They issued an “equal weight” rating and a $130.00 target price on the stock. Nineteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $148.03.

Canadian National Railway Trading Up 0.7 %

Shares of CNI traded up $0.85 during mid-day trading on Thursday, reaching $119.41. 1,072,123 shares of the company’s stock traded hands, compared to its average volume of 1,068,832. The stock has a market cap of $75.77 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.05 and a beta of 0.89. The stock’s 50-day moving average is $122.70 and its two-hundred day moving average is $125.92. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Research analysts forecast that Canadian National Railway will post 5.89 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.625 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 2.09%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.08%.

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.