Canadian National Railway (NYSE:CNI) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. lessened its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,375 shares of the transportation company’s stock after selling 100 shares during the period. Valley Brook Capital Group Inc.’s holdings in Canadian National Railway were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its holdings in Canadian National Railway by 33.5% in the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock worth $1,300,000 after purchasing an additional 3,011 shares during the period. Spire Wealth Management lifted its stake in Canadian National Railway by 5.0% in the third quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock valued at $498,000 after buying an additional 219 shares during the last quarter. YCG LLC lifted its stake in Canadian National Railway by 6.0% in the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after buying an additional 14,249 shares during the last quarter. Manning & Napier Group LLC lifted its stake in Canadian National Railway by 7.5% in the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock valued at $84,171,000 after buying an additional 46,517 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Canadian National Railway in the third quarter valued at $1,266,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded up $1.58 on Friday, reaching $123.54. 795,232 shares of the company traded hands, compared to its average volume of 1,073,122. The stock has a market capitalization of $78.90 billion, a PE ratio of 19.70, a P/E/G ratio of 2.17 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. The company’s 50 day moving average is $128.73 and its 200-day moving average is $123.04. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.02%. Canadian National Railway’s dividend payout ratio (DPR) is 40.03%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNI. CIBC cut Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Susquehanna raised their target price on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Stifel Nicolaus raised their target price on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Stephens restated an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday, April 24th. Finally, Barclays upped their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Seventeen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway 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.