Hemenway Trust Co LLC Has $23.46 Million Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Hemenway Trust Co LLC reduced its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,729 shares of the transportation company's stock after selling 19,120 shares during the period. Canadian National Railway comprises about 1.9% of Hemenway Trust Co LLC's holdings, making the stock its 25th largest holding. Hemenway Trust Co LLC's holdings in Canadian National Railway were worth $23,461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the 4th quarter worth $30,000. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after purchasing an additional 106 shares in the last quarter. Finally, CX Institutional acquired a new position in Canadian National Railway during the first quarter worth $39,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.29 during trading hours on Wednesday, reaching $101.77. 1,322,029 shares of the company were exchanged, compared to its average volume of 1,337,938. The stock's fifty day moving average is $102.24 and its two-hundred day moving average is $101.77. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $123.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market cap of $63.90 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.95 and a beta of 0.98.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The firm's quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.8875 per share. This represents a dividend yield of 2.47%. This is an increase from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. Canadian National Railway's payout ratio is 50.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CNI shares. Stifel Nicolaus reduced their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup increased their target price on shares of Canadian National Railway from $117.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective on the stock in a research note on Tuesday, May 6th. Finally, Evercore ISI cut their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and an average price target of $120.36.

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.