Cambridge Trust Co. Sells 225 Shares of Canadian National Railway (NYSE:CNI)

Cambridge Trust Co. lessened its holdings in shares of Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,173 shares of the transportation company’s stock after selling 225 shares during the quarter. Cambridge Trust Co.’s holdings in Canadian National Railway were worth $496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its position in Canadian National Railway by 108.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 263 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 137 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Canadian National Railway by 51.3% during the third quarter. JFS Wealth Advisors LLC now owns 351 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 119 shares during the last quarter. Private Trust Co. NA acquired a new position in Canadian National Railway during the second quarter valued at approximately $50,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Canadian National Railway during the third quarter valued at approximately $55,000. Finally, Hexagon Capital Partners LLC grew its holdings in Canadian National Railway by 39.5% during the third quarter. Hexagon Capital Partners LLC now owns 597 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 86.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CNI shares. Credit Suisse Group lowered their price target on Canadian National Railway from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, January 25th. Wells Fargo & Company lowered their price target on Canadian National Railway from $120.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 25th. Barclays increased their price target on Canadian National Railway from $118.00 to $127.00 and gave the company an “equal weight” rating in a report on Wednesday, January 11th. National Bank Financial increased their price target on Canadian National Railway from C$173.00 to C$175.00 in a report on Friday, December 16th. Finally, Atb Cap Markets restated a “sector perform” rating on shares of Canadian National Railway in a research note on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $142.35.

Canadian National Railway Stock Down 2.7 %

Shares of CNI stock opened at $115.24 on Friday. The stock has a market cap of $77.00 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91. Canadian National Railway has a one year low of $103.79 and a one year high of $137.19. The stock has a fifty day moving average price of $118.77 and a 200 day moving average price of $118.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.84 and a quick ratio of 0.66.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a $0.5906 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, March 9th. Canadian National Railway’s dividend payout ratio (DPR) is 40.11%.

Canadian National Railway Profile

(Get Rating)

Canadian National Railway Co engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.