Doheny Asset Management CA Has $354,000 Stock Position in Canadian National Railway (NYSE:CNI)

Doheny Asset Management CA boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,000 shares of the transportation company’s stock after buying an additional 110 shares during the period. Doheny Asset Management CA’s holdings in Canadian National Railway were worth $354,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GQG Partners LLC raised its holdings in shares of Canadian National Railway by 0.8% in the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock worth $1,505,000 after buying an additional 93 shares in the last quarter. Choreo LLC raised its holdings in shares of Canadian National Railway by 1.5% in the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock worth $846,000 after buying an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Canadian National Railway by 2.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Canadian National Railway by 1.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after buying an additional 102 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Canadian National Railway by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after buying an additional 105 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CNI. Barclays dropped their price target on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. StockNews.com cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $146.25 to $130.67 in a report on Monday, July 8th. Finally, Susquehanna dropped their price target on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Sixteen analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $138.35.

Canadian National Railway Trading Up 1.6 %

NYSE CNI opened at $117.20 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a market capitalization of $73.80 billion, a PE ratio of 18.69, a P/E/G ratio of 2.34 and a beta of 0.88. The stock has a 50-day simple moving average of $116.25 and a 200 day simple moving average of $122.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Research analysts forecast that Canadian National Railway will post 5.64 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.10%. Canadian National Railway’s dividend payout ratio is 39.08%.

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.