Pathway Financial Advisers LLC Sells Stake in Canadian National Railway (CNI)

Pathway Financial Advisers LLC drastically reduced its investment in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 99.1% during the fourth quarter, as stated in their latest 13F filing with the SEC. After offloading 176,593 shares, the firm now holds only 1,521 shares of this transportation company, which were valued at approximately $154,000 according to the recent filing.

Changes in Investment Positions

Other significant investors have also adjusted their positions in Canadian National Railway recently. For instance, Fortitude Family Office LLC increased its holdings by an impressive 738.7% in the third quarter, now owning 260 shares valued at $30,000 after acquiring an additional 229 shares. Similarly, Arlington Trust Co LLC initiated a new investment in Canadian National Railway during the fourth quarter, estimated at $30,000. Coastline Trust Co also bought new shares in the third quarter, valued at $34,000. Furthermore, Thurston Springer Miller Herd & Titak Inc. raised its investment by 48.2% in the fourth quarter, ending up with 332 shares valued at $34,000 after adding 108 shares. Additionally, Reston Wealth Management LLC made its first purchase in the third quarter, investing around $41,000. Overall, institutional investors and hedge funds currently own 80.74% of the stock.

New Price Targets Set by Analysts

Multiple research firms have recently provided updates on their price targets for Canadian National Railway. Jefferies Financial Group upgraded the stock from a "hold" rating to a "buy" rating, setting a target price of $120.00 in a report released on January 10th. Meanwhile, Stephens maintained an "equal weight" rating with a target price of $116.00 in a note dated October 23rd. Additionally, Wells Fargo & Company reduced its target price from $125.00 to $123.00, maintaining an "overweight" rating as of January 13th. JPMorgan Chase & Co. also upgraded its rating from "neutral" to "overweight" on January 7th. Finally, Benchmark kept a "hold" rating on the stock, providing its assessment on October 24th. Currently, two analysts rate the stock as a sell, while seven suggest holding it, another seven propose buying it, and four recommend a strong buy, leading to an overall consensus rating of "Moderate Buy" with a consensus price target of $124.19 according to MarketBeat data.

Price Performance of Canadian National Railway

As of the latest trading session, shares of NYSE CNI opened at $102.56. The stock's 50-day simple moving average stands at $103.12, while the 200-day simple moving average is at $109.93. Canadian National Railway boasts a market capitalization of $64.49 billion, with a price-to-earnings ratio of 20.03 and a price-to-earnings-growth ratio of 1.94. The stock has experienced a fifty-two week low of $98.69 and a high of $134.02, and exhibits a debt-to-equity ratio of 0.94, a quick ratio of 0.48, and a current ratio of 0.66.

Recent Earnings Report

Canadian National Railway reported its quarterly earnings on January 30th. The transportation company posted earnings of $1.30 per share, which fell short of analysts' expectations of $1.39 by $0.09. The company reported a return on equity of 22.48% with a net profit margin of 26.09%. Analysts forecast that Canadian National Railway will achieve earnings per share (EPS) of 5.49 for the current fiscal year.

Increase in Dividend Declared

Recently, the company declared a quarterly dividend, scheduled to be paid on March 31st. Shareholders on record as of March 10th will receive a dividend payment of $0.6159, up from the previous quarterly dividend of $0.61. This increase represents an annualized dividend of $2.46, which corresponds to a yield of 2.40%. The company's payout ratio currently stands at 46.68%.

Overview of Canadian National Railway

Canadian National Railway Company, alongside its subsidiaries, operates in railway, intermodal, trucking, and marine transportation and logistics across Canada and the United States. The company provides various services including rail transportation, equipment leasing, custom brokerage, transloading, distribution, real estate operations, and private car storage; in addition to intermodal services which cover temperature-controlled cargo, port partnerships, and logistics parks.

investment, financial, dividend