FineMark National Bank & Trust Lowers Stock Position in Canadian National Railway (NYSE:CNI)

FineMark National Bank & Trust cut its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,325 shares of the transportation company’s stock after selling 4,587 shares during the period. FineMark National Bank & Trust’s holdings in Canadian National Railway were worth $2,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc. raised its holdings in shares of Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after buying an additional 309,210 shares during the period. CoreFirst Bank & Trust acquired a new position in Canadian National Railway in the 4th quarter valued at about $92,000. ICW Investment Advisors LLC grew its position in Canadian National Railway by 3.1% in the 4th quarter. ICW Investment Advisors LLC now owns 16,175 shares of the transportation company’s stock valued at $1,642,000 after acquiring an additional 486 shares in the last quarter. Vanguard Group Inc. increased its stake in Canadian National Railway by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in shares of Canadian National Railway during the fourth quarter worth about $23,468,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.3 %

Shares of Canadian National Railway stock opened at $98.43 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market capitalization of $61.85 billion, a P/E ratio of 19.22, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.73. The company’s fifty day moving average is $101.21 and its two-hundred day moving average is $106.88.

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%. Analysts forecast 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. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.50%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Analyst Ratings Changes

CNI has been the topic of several recent research reports. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.19.

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.