Doheny Asset Management CA Has $330,000 Holdings in Canadian National Railway (NYSE:CNI)

Doheny Asset Management CA decreased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,790 shares of the transportation company’s stock after selling 100 shares during the period. Doheny Asset Management CA’s holdings in Canadian National Railway were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Canadian National Railway by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock valued at $2,813,534,000 after acquiring an additional 387,975 shares during the last quarter. Wellington Management Group LLP increased its stake in Canadian National Railway by 9.6% in the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after purchasing an additional 1,907,938 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after purchasing an additional 674,536 shares during the period. Capital International Investors raised its holdings in Canadian National Railway by 18.1% in the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after purchasing an additional 1,379,976 shares during the period. Finally, JARISLOWSKY FRASER Ltd boosted its position in shares of Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after purchasing an additional 99,716 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 0.3 %

Shares of CNI stock opened at $116.43 on Friday. The firm’s fifty day moving average price is $115.71 and its two-hundred day moving average price is $121.74. 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 1 year low of $103.96 and a 1 year high of $134.02. The firm has a market capitalization of $73.32 billion, a P/E ratio of 18.57, a PEG ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the firm posted $1.31 EPS. Canadian National Railway’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Canadian National Railway will post 5.58 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.614 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s payout ratio is presently 39.08%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CNI shares. Stifel Nicolaus lowered their price objective on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Susquehanna dropped their price target on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Stephens cut their price objective on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Finally, Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price target for the company from $146.25 to $130.67 in a research note on Monday, July 8th. Sixteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $132.76.

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.