Hemenway Trust Co LLC Trims Stock Holdings in Canadian National Railway (NYSE:CNI)

Hemenway Trust Co LLC lessened its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,849 shares of the transportation company's stock after selling 11,170 shares during the period. Canadian National Railway makes up about 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 Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway in the fourth quarter worth $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% in 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Canadian National Railway Price Performance

Canadian National Railway stock traded down $1.86 during mid-day trading on Thursday, hitting $96.46. The stock had a trading volume of 1,026,345 shares, compared to its average volume of 1,267,211. 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 firm's 50 day moving average is $99.46 and its 200 day moving average is $105.17. The firm has a market capitalization of $60.62 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a one year low of $91.65 and a one year high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. On average, sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Bank of America lowered their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $121.19.

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.