Fagan Associates Inc. Cuts Stake in Canadian National Railway (NYSE:CNI)

Fagan Associates Inc. lowered its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,325 shares of the transportation company’s stock after selling 250 shares during the quarter. Fagan Associates Inc.’s holdings in Canadian National Railway were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Catalytic Wealth RIA LLC lifted its position in Canadian National Railway by 2.3% in the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after purchasing an additional 123 shares during the last quarter. Assetmark Inc. lifted its position in Canadian National Railway by 3.1% in the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock valued at $583,000 after purchasing an additional 152 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Canadian National Railway by 5.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock valued at $363,000 after purchasing an additional 152 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Canadian National Railway by 5.3% during the third quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock valued at $369,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada decreased their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Bank of America decreased their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Stifel Nicolaus upped their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Trading Up 1.2 %

NYSE CNI opened at $102.79 on Wednesday. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The stock has a market cap of $64.58 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.91 and a beta of 0.91. The stock’s fifty day moving average price is $102.71 and its 200-day moving average price is $109.56. 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 released its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities analysts forecast that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 46.68%.

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.