Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 21,488 Shares of Canadian National Railway Company (NYSE:CNI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,432,307 shares of the transportation company's stock after selling 21,488 shares during the period. Canadian National Railway accounts for about 1.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 23rd biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.23% of Canadian National Railway worth $140,037,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Canadian National Railway during the 4th quarter valued at $563,048,000. Royal Bank of Canada boosted its stake in Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Canadian National Railway by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after purchasing an additional 1,380,554 shares during the last quarter. Capital International Investors grew its holdings in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after purchasing an additional 1,341,133 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Canadian National Railway by 29.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock valued at $488,488,000 after buying an additional 1,102,977 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $104.03 on Friday. The firm's 50 day simple moving average is $102.74 and its 200 day simple moving average is $101.50. 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 market capitalization of $65.32 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43.

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

Canadian National Railway Increases Dividend

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

Analyst Upgrades and Downgrades

CNI has been the topic of several research reports. Barclays reduced their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Susquehanna upped their target price on shares of Canadian National Railway from $120.00 to $122.00 and gave the stock a "positive" rating in a research report on Tuesday. Raymond James Financial lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Stephens lifted their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.52.

Canadian National Railway Company 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.

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