Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $155.24 Million Stock Position in Canadian National Railway (NYSE:CNI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,453,795 shares of the transportation company's stock after selling 9,361 shares during the quarter. Canadian National Railway comprises 1.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 25th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.23% of Canadian National Railway worth $155,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CNI. Diversified Trust Co purchased a new position in Canadian National Railway in the 3rd quarter worth about $288,000. First Affirmative Financial Network increased its holdings in Canadian National Railway by 16.8% in the third quarter. First Affirmative Financial Network now owns 5,014 shares of the transportation company's stock worth $587,000 after buying an additional 721 shares during the last quarter. Atwater Malick LLC raised its holdings in Canadian National Railway by 0.6% during the third quarter. Atwater Malick LLC now owns 75,579 shares of the transportation company's stock valued at $8,854,000 after buying an additional 458 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Canadian National Railway by 8.0% in the third quarter. Inspire Investing LLC now owns 23,484 shares of the transportation company's stock worth $2,750,000 after buying an additional 1,745 shares during the last quarter. Finally, Cardinal Capital Management Inc. boosted its stake in shares of Canadian National Railway by 1.0% during the 3rd quarter. Cardinal Capital Management Inc. now owns 475,519 shares of the transportation company's stock worth $55,750,000 after acquiring an additional 4,840 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNI. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Citigroup upgraded shares of Canadian National Railway from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Veritas upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 23rd. Bank of America decreased their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Two equities research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded down $0.27 during trading on Wednesday, hitting $102.65. 951,958 shares of the company's stock traded hands, compared to its average volume of 1,378,177. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market cap of $64.49 billion, a PE ratio of 20.05, a PEG ratio of 1.94 and a beta of 0.91. The firm's fifty day moving average price is $103.26 and its 200 day moving average price is $109.98.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Analysts forecast that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.40%. Canadian National Railway's dividend payout ratio (DPR) is presently 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.