Crestwood Advisors Group LLC Sells 440 Shares of Canadian National Railway (NYSE:CNI)

Crestwood Advisors Group LLC decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 14.0% during the third quarter, HoldingsChannel.com reports. The fund owned 2,700 shares of the transportation company’s stock after selling 440 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Canadian National Railway were worth $316,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Canadian National Railway in the second quarter valued at $26,000. Addison Advisors LLC raised its stake 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 purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC lifted its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. ORG Partners LLC purchased a new position in shares of Canadian National Railway in the 2nd quarter worth $34,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter worth about $41,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI stock opened at $112.32 on Thursday. Canadian National Railway has a twelve month low of $107.54 and a twelve month high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $114.92 and a two-hundred day simple moving average of $118.40. The stock has a market capitalization of $70.63 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 2.43 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

Analyst Ratings Changes

A number of research analysts recently commented on CNI shares. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a research report on Monday, October 7th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Stephens restated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $125.18.

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.