Hemenway Trust Co LLC Sells 11,170 Shares of Canadian National Railway (NYSE:CNI)

Hemenway Trust Co LLC lessened its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 259,849 shares of the transportation company’s stock after selling 11,170 shares during the quarter. Canadian National Railway makes up approximately 2.1% of Hemenway Trust Co LLC’s portfolio, making the stock its 22nd largest position. Hemenway Trust Co LLC’s holdings in Canadian National Railway were worth $26,377,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smith Moore & CO. lifted its holdings in shares of Canadian National Railway by 14.0% during the fourth quarter. Smith Moore & CO. now owns 3,266 shares of the transportation company’s stock worth $332,000 after buying an additional 400 shares during the last quarter. Pitcairn Co. increased its position in Canadian National Railway by 3.5% during the fourth quarter. Pitcairn Co. now owns 4,751 shares of the transportation company’s stock worth $482,000 after acquiring an additional 159 shares during the period. ExodusPoint Capital Management LP raised its stake in Canadian National Railway by 966.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 86,700 shares of the transportation company’s stock valued at $8,801,000 after purchasing an additional 78,567 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in Canadian National Railway by 6.2% in the 4th quarter. Motley Fool Asset Management LLC now owns 122,210 shares of the transportation company’s stock valued at $12,406,000 after purchasing an additional 7,144 shares during the period. Finally, RFG Bristol Wealth Advisors LLC acquired a new stake in Canadian National Railway in the 4th quarter worth $206,000. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CNI shares. Susquehanna cut their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Royal Bank of Canada lowered their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.36.

Canadian National Railway Stock Down 1.6 %

Shares of NYSE:CNI opened at $96.61 on Friday. The company’s fifty day moving average is $100.46 and its 200-day moving average is $105.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $132.27. The company has a market capitalization of $60.71 billion, a PE ratio of 18.87, a P/E/G ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.66%.

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.