First Horizon Advisors Inc. Sells 1,311 Shares of Canadian National Railway (NYSE:CNI)

First Horizon Advisors Inc. trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 72.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 500 shares of the transportation company’s stock after selling 1,311 shares during the quarter. First Horizon Advisors Inc.’s holdings in Canadian National Railway were worth $51,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares in the last quarter. Coastline Trust Co bought a new stake in Canadian National Railway in the 3rd quarter valued at about $34,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new stake in Canadian National Railway in the 3rd quarter valued at about $41,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

CNI stock opened at $99.91 on Friday. Canadian National Railway has a 12-month low of $98.69 and a 12-month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $102.53 and a 200-day moving average of $109.13. The firm has a market cap of $62.77 billion, a PE ratio of 19.51, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, sell-side analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.47%. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Wall Street Analyst Weigh In

CNI has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Susquehanna decreased their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective 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. Finally, Bank of America decreased their price objective 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. 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 stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $124.19.

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.