Valley Brook Capital Group Inc. Sells 100 Shares of Canadian National Railway (NYSE:CNI)

Valley Brook Capital Group Inc. decreased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its stake in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after buying an additional 229 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after purchasing an additional 202 shares during the last quarter. Keener Financial Planning LLC bought a new stake in Canadian National Railway during the fourth quarter worth about $46,000. Rational Advisors LLC bought a new stake in Canadian National Railway during the third quarter worth about $41,000. Finally, Crewe Advisors LLC bought a new stake in Canadian National Railway during the third quarter worth about $43,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 1.3 %

Shares of CNI stock traded up $1.58 during midday trading on Friday, reaching $123.54. 795,232 shares of the stock were exchanged, compared to its average volume of 1,073,122. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company’s 50 day moving average is $128.73 and its two-hundred day moving average is $123.04. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The firm has a market cap of $78.90 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. 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

Several equities research analysts have issued reports on the company. Citigroup lifted their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. StockNews.com raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays lifted their price objective on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. TD Securities downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group initiated coverage on Canadian National Railway in a report on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective on the stock. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently 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.