Canadian National Railway (NYSE:CNI) Stock Position Lessened by Hemenway Trust Co LLC

Hemenway Trust Co LLC trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 259,849 shares of the transportation company’s stock after selling 11,170 shares during the period. Canadian National Railway makes up approximately 2.1% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 22nd largest holding. Hemenway Trust Co LLC’s holdings in Canadian National Railway were worth $26,377,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC raised its holdings in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CNI. Barclays dropped their price objective on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada cut their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus price target of $123.36.

Canadian National Railway Stock Down 1.6 %

Shares of Canadian National Railway stock opened at $96.61 on Friday. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.27. The company has a market cap of $60.71 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $100.46 and a 200 day moving average price of $105.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.55%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s payout ratio is currently 47.66%.

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.