Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,071,608 shares of the transportation company’s stock after selling 34,869 shares during the period. Canadian National Railway accounts for 3.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 8th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.28% of Canadian National Railway worth $163,698,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Canadian National Railway by 598.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock worth $104,000 after buying an additional 1,203 shares during the period. City Holding Co. raised its stake in shares of Canadian National Railway by 15.4% in the second quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after buying an additional 175 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Canadian National Railway during the first quarter worth about $123,000. Proficio Capital Partners LLC raised its stake in shares of Canadian National Railway by 151.9% in the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after buying an additional 1,066 shares during the period. Finally, Nikko Asset Management Americas Inc. purchased a new stake in shares of Canadian National Railway during the second quarter worth about $146,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.

Shares of Canadian National Railway Company (NYSE:CNI) opened at 79.56 on Friday. The company’s 50-day moving average is $80.74 and its 200 day moving average is $76.32. Canadian National Railway Company has a 1-year low of $61.11 and a 1-year high of $84.48. The stock has a market cap of $59.75 billion, a P/E ratio of 19.87 and a beta of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.3276 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, September 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s payout ratio is 31.77%.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC reaffirmed an “equal weight” rating and set a $81.00 price target (up previously from $69.00) on shares of Canadian National Railway in a research note on Wednesday, May 17th. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $84.00 price target (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Canadian National Railway presently has a consensus rating of “Hold” and a consensus target price of $80.56.

About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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