Hemenway Trust Co LLC Has $13.21 Million Stock Holdings in Canadian National Railway Company $CNI

Key Points

• Hemenway Trust Co LLC trimmed its stake in Canadian National Railway by 13.3% in Q4, selling 20,507 shares and leaving 133,625 shares worth approximately $13.21 million per its latest 13F filing.
• Canadian National announced a quarterly dividend of $0.915 per share (annualized $3.66), implying a ~3.3% yield; the record date is June 9 and the dividend will be paid June 30.
• Institutional investors own about 80.74% of CNI; the company reported Q results of $1.31 EPS (in line) on $3.15B revenue (down 0.5% YoY), has a market cap of $66.94B and a P/E ~20, and carries a consensus analyst rating of "Hold" with a $122.04 target.

Hemenway Trust Co LLC trimmed its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,625 shares of the transportation company's stock after selling 20,507 shares during the quarter. Hemenway Trust Co LLC's holdings in Canadian National Railway were worth $13,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Canadian National Railway by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company's stock valued at $2,437,679,000 after buying an additional 346,670 shares in the last quarter. Bank of Montreal Can increased its position in Canadian National Railway by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company's stock valued at $1,338,948,000 after buying an additional 42,907 shares in the last quarter. Caisse de depot et placement du Quebec increased its position in Canadian National Railway by 1.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company's stock valued at $1,310,600,000 after buying an additional 157,000 shares in the last quarter. Lazard Asset Management LLC increased its position in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company's stock valued at $844,353,000 after buying an additional 8,954,310 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Canadian National Railway by 0.4% in the 3rd quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company's stock valued at $813,287,000 after buying an additional 35,938 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI opened at $109.97 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a 50 day moving average price of $107.46 and a two-hundred day moving average price of $101.49. The firm has a market capitalization of $66.94 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.10 and a beta of 0.95. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $115.80.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts' consensus estimates of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. Equities analysts forecast that Canadian National Railway Company will post 5.74 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway's payout ratio is currently 48.73%.

Analysts Set New Price Targets

CNI has been the subject of a number of research analyst reports. UBS Group lowered Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Citigroup boosted their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Barclays boosted their target price on Canadian National Railway from $98.00 to $99.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. Sanford C. Bernstein boosted their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a "market perform" rating in a research report on Tuesday, March 31st. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $122.04.

Canadian National Railway Profile

Canadian National Railway Company NYSE: CNI is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN's core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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