Canadian National Railway (NYSE:CNI) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. lowered its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,145 shares of the transportation company’s stock after selling 1,135 shares during the quarter. Kampmann Melissa S.’s holdings in Canadian National Railway were worth $844,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway during the second quarter valued at $26,000. Addison Advisors LLC grew its position in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the period. GAMMA Investing LLC grew its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the period. ORG Partners LLC acquired a new stake in Canadian National Railway during the second quarter valued at $34,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Canadian National Railway during the first quarter valued at $64,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI opened at $116.43 on Monday. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The stock has a market cap of $73.32 billion, a PE ratio of 18.57, a P/E/G ratio of 2.47 and a beta of 0.88. The firm has a 50-day simple moving average of $115.71 and a two-hundred day simple moving average of $121.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share 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 for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. Canadian National Railway’s revenue was up 6.7% on a year-over-year basis. As a group, analysts forecast that Canadian National Railway will post 5.58 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.08%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CNI shares. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $146.25 to $130.67 in a research report on Monday, July 8th. Barclays increased their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI decreased their price objective on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a report on Wednesday, September 25th. National Bank Financial raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Finally, Stephens decreased their price target on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Sixteen investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $132.76.

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.