Murphy Capital Management Inc. Sells 925 Shares of Canadian National Railway (CNI)

Murphy Capital Management Inc. trimmed its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,625 shares of the transportation company’s stock after selling 925 shares during the quarter. Murphy Capital Management Inc.’s holdings in Canadian National Railway were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Two Sigma Advisers LP boosted its holdings in shares of Canadian National Railway by 46.8% during the 4th quarter. Two Sigma Advisers LP now owns 78,172 shares of the transportation company’s stock valued at $5,795,000 after acquiring an additional 24,911 shares during the last quarter. One Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 4.6% during the 4th quarter. One Wealth Advisors LLC now owns 3,424 shares of the transportation company’s stock valued at $254,000 after acquiring an additional 151 shares during the last quarter. Triangle Securities Wealth Management purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at about $729,000. Blueshift Asset Management LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $1,329,000. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Canadian National Railway by 7.7% during the 4th quarter. Commonwealth Bank of Australia now owns 77,514 shares of the transportation company’s stock valued at $5,741,000 after acquiring an additional 5,547 shares during the last quarter. Institutional investors own 55.19% of the company’s stock.

A number of brokerages have recently issued reports on CNI. BMO Capital Markets raised shares of Canadian National Railway to a “market perform” rating and set a $125.00 price target on the stock in a report on Tuesday. They noted that the move was a valuation call. Royal Bank of Canada cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price objective on the stock. in a research note on Tuesday. ValuEngine upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Stephens increased their price objective on shares of Canadian National Railway from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $96.81.

NYSE CNI traded up $1.14 on Friday, reaching $93.34. 495,843 shares of the stock were exchanged, compared to its average volume of 999,517. Canadian National Railway has a one year low of $70.36 and a one year high of $94.63. The stock has a market cap of $67.58 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.86 and a beta of 1.07. The company has a current ratio of 0.75, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Monday, April 29th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. Sell-side analysts forecast that Canadian National Railway will post 4.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.3982 per share. This represents a $1.59 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, June 6th. Canadian National Railway’s payout ratio is currently 38.46%.

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About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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