Mayflower Financial Advisors LLC Decreases Position in Canadian National Railway Company $CNI

Mayflower Financial Advisors LLC lowered its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,677 shares of the transportation company’s stock after selling 384 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Canadian National Railway were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CNI. GAMMA Investing LLC boosted its holdings in Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after buying an additional 171 shares during the period. Diversified Trust Co boosted its holdings in Canadian National Railway by 5.7% in the 1st quarter. Diversified Trust Co now owns 2,561 shares of the transportation company’s stock worth $250,000 after buying an additional 139 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Canadian National Railway by 4.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,519 shares of the transportation company’s stock worth $440,000 after buying an additional 212 shares during the period. Mather Group LLC. boosted its holdings in Canadian National Railway by 3.4% in the 1st quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock worth $424,000 after buying an additional 142 shares during the period. Finally, Keybank National Association OH boosted its holdings in Canadian National Railway by 6.5% in the 1st quarter. Keybank National Association OH now owns 24,640 shares of the transportation company’s stock worth $2,401,000 after buying an additional 1,508 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.7%

Shares of NYSE:CNI opened at $93.08 on Thursday. The firm has a fifty day moving average price of $95.03 and a two-hundred day moving average price of $98.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. Canadian National Railway Company has a one year low of $91.07 and a one year high of $114.13. The company has a market cap of $57.59 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.16 and a beta of 0.96.

Wall Street Analyst Weigh In

CNI has been the subject of several analyst reports. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective for the company. in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Citigroup cut their price target on shares of Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Susquehanna cut their price target on shares of Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.90.

Canadian National Railway Company Profile

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.