Sheets Smith Wealth Management Continues to Hold Position in Canadian National Railway Company (CNI)

Sheets Smith Wealth Management maintained its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,600 shares of the company’s stock at the end of the third quarter. Sheets Smith Wealth Management’s holdings in Canadian National Railway Company were worth $2,655,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AXA increased its stake in shares of Canadian National Railway Company by 1.5% in the second quarter. AXA now owns 586,129 shares of the company’s stock valued at $34,432,000 after buying an additional 8,707 shares during the last quarter. WMS Partners LLC increased its stake in shares of Canadian National Railway Company by 0.5% in the third quarter. WMS Partners LLC now owns 18,412 shares of the company’s stock valued at $1,204,000 after buying an additional 88 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Canadian National Railway Company by 3.1% in the third quarter. Great West Life Assurance Co. Can now owns 6,075,760 shares of the company’s stock valued at $397,614,000 after buying an additional 184,013 shares during the last quarter. Thomas White International Ltd. increased its stake in shares of Canadian National Railway Company by 0.9% in the third quarter. Thomas White International Ltd. now owns 34,669 shares of the company’s stock valued at $2,267,000 after buying an additional 314 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its stake in shares of Canadian National Railway Company by 0.8% in the second quarter. Cidel Asset Management Inc. now owns 546,970 shares of the company’s stock valued at $32,077,000 after buying an additional 4,251 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

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

Shares of Canadian National Railway Company (NYSE:CNI) opened at 71.48 on Tuesday. The company has a market capitalization of $54.35 billion, a price-to-earnings ratio of 20.03 and a beta of 1.07. The stock’s 50 day moving average price is $69.45 and its 200 day moving average price is $66.04. Canadian National Railway Company has a 1-year low of $54.60 and a 1-year high of $71.57.

Canadian National Railway Company (NYSE:CNI) last announced its earnings results on Tuesday, January 24th. The company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.32. The firm earned $3.22 billion during the quarter, compared to analyst estimates of $2.32 billion. Canadian National Railway Company had a net margin of 30.29% and a return on equity of 24.02%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 EPS. Analysts expect that Canadian National Railway Company will post $3.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a $0.3097 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This is a positive change from Canadian National Railway Company’s previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.73%. Canadian National Railway Company’s dividend payout ratio is presently 31.73%.

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CNI has been the subject of several analyst reports. Raymond James Financial, Inc. downgraded Canadian National Railway Company from an “outperform” rating to a “market perform” rating in a research report on Monday, October 17th. Bank of America Corporation raised Canadian National Railway Company from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price (up previously from $90.00) on shares of Canadian National Railway Company in a research report on Wednesday, October 26th. TD Securities reaffirmed a “hold” rating and issued a $90.00 target price on shares of Canadian National Railway Company in a research report on Wednesday, October 26th. Finally, National Bank Financial reaffirmed a “sector perform” rating and issued a $85.00 target price (up previously from $84.00) on shares of Canadian National Railway Company in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. Canadian National Railway Company presently has an average rating of “Hold” and a consensus price target of $76.95.

Canadian National Railway Company Company Profile

Canadian National Railway Co is a Canada based company, engaged in the rail and related transportation business. Its network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. Its freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

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