Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 87,608 Shares of Canadian National Railway Company $CNI

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA sold 87,608 shares of Canadian National Railway, trimming its stake by 6.3% to 1,305,390 shares (about $131.17 million), representing roughly 1.2% of the firm's portfolio.
• Canadian National reported $1.49 EPS that beat estimates but revenue missed at $3.24 billion versus $4.43 billion expected, with a net margin of 27.28% and return on equity of 22.14%.
• The company raised its quarterly dividend to $0.915 (annualized $3.66, a 3.3% yield) and the stock carries a consensus analyst rating of "Hold" with a $119.14 price target.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,305,390 shares of the transportation company's stock after selling 87,608 shares during the period. Canadian National Railway comprises approximately 1.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 27th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.21% of Canadian National Railway worth $131,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNI. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Canadian National Railway by 7.2% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 68,163 shares of the transportation company's stock valued at $6,738,000 after buying an additional 4,591 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Canadian National Railway by 22.2% during the fourth quarter. HB Wealth Management LLC now owns 6,133 shares of the transportation company's stock worth $606,000 after acquiring an additional 1,113 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Canadian National Railway by 551.0% in the fourth quarter. M&T Bank Corp now owns 39,073 shares of the transportation company's stock worth $3,862,000 after acquiring an additional 33,071 shares during the period. Evergreen Capital Management LLC bought a new stake in Canadian National Railway in the fourth quarter valued at approximately $204,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in Canadian National Railway by 5.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,978,313 shares of the transportation company's stock valued at $195,597,000 after acquiring an additional 102,886 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.6%

Canadian National Railway stock opened at $109.47 on Thursday. The company has a market capitalization of $66.64 billion, a PE ratio of 20.16, a PEG ratio of 2.07 and a beta of 0.91. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $113.08. The firm's fifty day moving average is $106.86 and its 200 day moving average is $100.64. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $4.43 billion. During the same period last year, the company posted $1.82 earnings per share. The business's quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.75 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th were paid a dividend of $0.915 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. Canadian National Railway's dividend payout ratio (DPR) is currently 49.36%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CNI shares. Royal Bank Of Canada lowered their price target on shares of Canadian National Railway from $153.00 to $151.00 and set an "outperform" rating for the company in a report on Monday, February 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Canadian National Railway in a research report on Monday. BMO Capital Markets reissued an "outperform" rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Citigroup boosted their target price on shares of Canadian National Railway from $115.00 to $123.00 and gave the company a "buy" rating in a report on Tuesday, April 7th. Finally, Evercore lowered their price objective on Canadian National Railway from $105.00 to $103.00 and set an "in-line" rating for the company 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $119.14.

About Canadian National Railway

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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