Cambridge Trust Co. Has $496,000 Stock Holdings in Canadian National Railway (NYSE:CNI)

Cambridge Trust Co. cut its holdings in Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ascent Group LLC lifted its stake in Canadian National Railway by 2.2% in the 3rd quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock valued at $474,000 after acquiring an additional 87 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Canadian National Railway by 0.3% in the 3rd quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock valued at $3,067,000 after acquiring an additional 88 shares in the last quarter. Tempus Wealth Planning LLC lifted its stake in Canadian National Railway by 1.5% in the 3rd quarter. Tempus Wealth Planning LLC now owns 6,213 shares of the transportation company’s stock valued at $671,000 after acquiring an additional 89 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Canadian National Railway by 2.8% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,344 shares of the transportation company’s stock valued at $361,000 after acquiring an additional 91 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Canadian National Railway by 1.7% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,547 shares of the transportation company’s stock valued at $599,000 after acquiring an additional 92 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 2.7 %

Shares of Canadian National Railway stock opened at $115.24 on Friday. The business has a fifty day simple moving average of $118.77 and a two-hundred day simple moving average of $118.76. Canadian National Railway has a 1 year low of $103.79 and a 1 year high of $137.19. The company has a market capitalization of $77.00 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 2.06 and a beta of 0.91. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a dividend of $0.5906 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $2.36 annualized dividend and a yield of 2.05%. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.11%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNI shares. StockNews.com started coverage on Canadian National Railway in a research note on Thursday. They issued a “buy” rating on the stock. BMO Capital Markets dropped their price objective on Canadian National Railway from C$185.00 to C$180.00 in a research note on Wednesday, January 25th. Desjardins dropped their price objective on Canadian National Railway from C$180.00 to C$179.00 in a research note on Wednesday, January 25th. Barclays upped their price objective on Canadian National Railway from $118.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 11th. Finally, Bank of America upped their price objective on Canadian National Railway from $131.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $142.35.

About Canadian National Railway

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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.