Venturi Wealth Management LLC Reduces Position in Canadian National Railway (NYSE:CNI)

Venturi Wealth Management LLC lessened its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,949 shares of the transportation company’s stock after selling 509 shares during the period. Venturi Wealth Management LLC’s holdings in Canadian National Railway were worth $705,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Canadian National Railway by 2.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,491 shares of the transportation company’s stock valued at $1,346,000 after acquiring an additional 310 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Canadian National Railway by 100.8% during the third quarter. Blue Trust Inc. now owns 1,301 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 653 shares in the last quarter. Eastern Bank bought a new stake in shares of Canadian National Railway during the third quarter valued at approximately $478,000. Tempus Wealth Planning LLC raised its stake in shares of Canadian National Railway by 5.5% during the third quarter. Tempus Wealth Planning LLC now owns 7,280 shares of the transportation company’s stock valued at $853,000 after acquiring an additional 382 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Canadian National Railway during the third quarter valued at approximately $234,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the subject of several research analyst reports. Barclays decreased their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Susquehanna reduced their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Stephens reissued an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $102.42 on Thursday. The company has a market cap of $64.35 billion, a PE ratio of 20.00, a PEG ratio of 1.91 and a beta of 0.91. 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 has a 12-month low of $98.69 and a 12-month high of $134.02. The business’s fifty day simple moving average is $102.66 and its 200-day simple moving average is $109.51.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. Analysts expect that Canadian National Railway will post 5.5 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. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change 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 2.41%. Canadian National Railway’s payout ratio is 46.68%.

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.