Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 32,081 Shares of Canadian National Railway Company $CNI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,392,998 shares of the transportation company’s stock after selling 32,081 shares during the quarter. Canadian National Railway makes up about 1.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 27th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.23% of Canadian National Railway worth $133,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CNI. Bennett Selby Investments LP boosted its holdings in Canadian National Railway by 2.2% in the 2nd quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock worth $499,000 after buying an additional 101 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of Canadian National Railway by 13.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 110 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Canadian National Railway by 3.3% in the second quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock worth $373,000 after acquiring an additional 115 shares during the period. D.A. Davidson & CO. grew its position in shares of Canadian National Railway by 5.3% during the second quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after purchasing an additional 119 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Canadian National Railway by 1.9% during the 2nd quarter. M&T Bank Corp now owns 6,629 shares of the transportation company’s stock valued at $690,000 after purchasing an additional 122 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNI has been the subject of several recent analyst reports. Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. CIBC raised shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and raised their target price for the company from $146.00 to $151.00 in a research note on Friday, November 28th. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Cibc Captl Mkts upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Barclays decreased their price target on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.27.

Canadian National Railway Stock Performance

NYSE CNI opened at $98.95 on Monday. The business’s 50 day moving average price is $96.91 and its 200-day moving average price is $96.70. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $108.75. The company has a market cap of $60.80 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 earnings per share. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th were paid a dividend of $0.8875 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, December 9th. Canadian National Railway’s payout ratio is currently 48.01%.

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.