Canadian National Railway (NYSE:CNI) Shares Sold by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. decreased its position in shares of Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,391 shares of the transportation company’s stock after selling 150 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Canadian National Railway were worth $417,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CNI. Ahrens Investment Partners LLC acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $27,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $32,000. D Orazio & Associates Inc. acquired a new position in Canadian National Railway in the third quarter valued at approximately $50,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Canadian National Railway by 38.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 448 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 124 shares during the period. Finally, Delos Wealth Advisors LLC acquired a new position in Canadian National Railway in the third quarter valued at approximately $61,000. 69.36% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on CNI. Raymond James raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 26th. Stephens upped their target price on Canadian National Railway from $126.00 to $132.00 in a research note on Tuesday, January 4th. Argus raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Thursday, February 17th. They noted that the move was a valuation call. Scotiabank boosted their price target on Canadian National Railway from C$170.00 to C$174.00 in a research report on Wednesday, April 6th. Finally, StockNews.com started coverage on Canadian National Railway in a research report on Thursday, March 31st. They set a “hold” rating for the company. Seventeen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $147.86.

Shares of Canadian National Railway stock traded up $0.32 during trading hours on Tuesday, hitting $126.63. The company’s stock had a trading volume of 44,229 shares, compared to its average volume of 1,296,737. Canadian National Railway has a twelve month low of $100.66 and a twelve month high of $137.19. The firm has a fifty day moving average of $127.03 and a 200-day moving average of $126.00. The stock has a market cap of $87.97 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 1.10.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 25th. The transportation company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.15. Canadian National Railway had a return on equity of 19.91% and a net margin of 33.77%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway will post 5.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 10th were paid a $0.579 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, March 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.50. Canadian National Railway’s dividend payout ratio is 41.71%.

Canadian National Railway Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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