Puzo Michael J Decreases Stock Position in Canadian National Railway Company $CNI

Puzo Michael J cut its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,120 shares of the transportation company’s stock after selling 7,151 shares during the quarter. Canadian National Railway accounts for about 1.6% of Puzo Michael J’s investment portfolio, making the stock its 27th largest holding. Puzo Michael J’s holdings in Canadian National Railway were worth $5,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Canadian National Railway during the first quarter valued at approximately $311,000. Focus Partners Wealth boosted its position in Canadian National Railway by 11.1% during the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after buying an additional 1,146 shares during the period. Yousif Capital Management LLC grew its holdings in Canadian National Railway by 9.2% in the 2nd quarter. Yousif Capital Management LLC now owns 6,226 shares of the transportation company’s stock worth $648,000 after acquiring an additional 525 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Canadian National Railway in the second quarter valued at about $202,000. Finally, D.A. Davidson & CO. raised its stake 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 valued at $247,000 after acquiring an additional 119 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CNI shares. Barclays reduced their price target on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Evercore cut their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research report on Monday, February 2nd. Royal Bank Of Canada decreased their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, February 2nd. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and lifted their price target for the company from $146.00 to $151.00 in a report on Friday, November 28th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Price Performance

Shares of CNI opened at $109.49 on Friday. The stock has a market cap of $67.13 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $109.90. The firm’s 50-day simple moving average is $100.30 and its two-hundred day simple moving average is $96.83.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $1.82 earnings per share. Analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.3%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio is presently 46.59%.

Canadian National Railway Company Profile

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.