Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 6,449 Shares of Canadian National Railway (NYSE:CNI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,463,156 shares of the transportation company's stock after selling 6,449 shares during the period. Canadian National Railway comprises approximately 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 23rd biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.23% of Canadian National Railway worth $162,147,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway in the 2nd quarter valued at approximately $26,000. Addison Advisors LLC increased its position in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock valued at $28,000 after purchasing an additional 148 shares during the period. Fortitude Family Office LLC raised its stake in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after buying an additional 229 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $34,000. Finally, Daiwa Securities Group Inc. bought a new stake in Canadian National Railway in the first quarter worth approximately $64,000. Institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNI shares. Citigroup increased their price objective on shares of Canadian National Railway from $125.00 to $126.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 target price for the company in a research report on Monday, October 7th. Sanford C. Bernstein dropped their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI lowered their target price on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Hold" and a consensus price target of $125.18.

Canadian National Railway Price Performance

CNI stock traded down $0.46 during midday trading on Wednesday, hitting $109.83. The company's stock had a trading volume of 595,989 shares, compared to its average volume of 1,109,945. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12 month low of $105.17 and a 12 month high of $134.02. The company has a 50 day moving average of $115.81 and a two-hundred day moving average of $119.11. The firm has a market capitalization of $69.06 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.49 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. On average, analysts expect that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.22%. Canadian National Railway's dividend payout ratio is currently 39.90%.

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.