Stock Yards Bank & Trust Co. Has $248,000 Stock Holdings in Canadian National Railway (NYSE:CNI)

Stock Yards Bank & Trust Co. decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,100 shares of the transportation company’s stock after selling 200 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Canadian National Railway were worth $248,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Canadian National Railway during the 2nd quarter worth $26,000. GAMMA Investing LLC boosted its stake in Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. Addison Advisors LLC grew its holdings in Canadian National Railway by 159.1% in the 2nd 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 last quarter. ORG Partners LLC bought a new position in Canadian National Railway in the 2nd quarter worth approximately $34,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Canadian National Railway during the first quarter worth approximately $64,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 1.7 %

Shares of NYSE:CNI opened at $117.00 on Thursday. The company’s fifty day moving average is $116.30 and its 200-day moving average is $122.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a market capitalization of $73.68 billion, a PE ratio of 18.66, a P/E/G ratio of 2.56 and a beta of 0.88.

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

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.10%. Canadian National Railway’s dividend payout ratio is 39.08%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CNI shares. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Susquehanna cut their price objective on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Stephens lowered their price target on 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. Finally, Barclays reduced their price objective on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $137.35.

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.