Wealthcare Advisory Partners LLC Cuts Stake in Canadian National Railway Company $CNI

Wealthcare Advisory Partners LLC lowered its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 23.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,034 shares of the transportation company’s stock after selling 636 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Canadian National Railway were worth $212,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Canadian National Railway by 0.8% during the first quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company’s stock valued at $2,254,370,000 after buying an additional 179,261 shares during the period. TD Asset Management Inc increased its stake in shares of Canadian National Railway by 0.3% during the first quarter. TD Asset Management Inc now owns 11,798,566 shares of the transportation company’s stock valued at $1,148,008,000 after buying an additional 30,066 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Canadian National Railway by 6.0% during the first quarter. 1832 Asset Management L.P. now owns 11,243,512 shares of the transportation company’s stock valued at $1,095,793,000 after buying an additional 636,147 shares during the period. Mackenzie Financial Corp increased its stake in shares of Canadian National Railway by 6.3% during the first quarter. Mackenzie Financial Corp now owns 8,571,806 shares of the transportation company’s stock valued at $834,129,000 after buying an additional 505,588 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Canadian National Railway by 20.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock valued at $646,983,000 after buying an additional 1,148,569 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CNI shares. Evercore ISI lowered Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 target price on the stock. in a research note on Wednesday, July 23rd. National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday. Bank of America cut their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Wells Fargo & Company cut their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.30.

Canadian National Railway Trading Down 1.0%

Canadian National Railway stock opened at $94.51 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $116.79. The company has a market capitalization of $58.67 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The stock has a 50-day moving average price of $94.54 and a 200 day moving average price of $98.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the firm earned $1.84 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were issued a $0.6507 dividend. The ex-dividend date of this dividend was Monday, September 8th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s dividend payout ratio is presently 50.19%.

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.