Puzo Michael J Sells 7,151 Shares of Canadian National Railway Company $CNI

Puzo Michael J lessened its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,120 shares of the transportation company’s stock after selling 7,151 shares during the period. Canadian National Railway comprises about 1.6% of Puzo Michael J’s investment portfolio, making the stock its 27th biggest holding. Puzo Michael J’s holdings in Canadian National Railway were worth $5,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Canadian National Railway by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 24,300,252 shares of the transportation company’s stock valued at $2,291,562,000 after acquiring an additional 372,859 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Canadian National Railway by 26.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company’s stock valued at $695,048,000 after buying an additional 1,408,978 shares during the last quarter. Fiera Capital Corp increased its holdings in Canadian National Railway by 11.6% in the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock worth $610,076,000 after buying an additional 671,127 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Canadian National Railway by 20.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,296,828 shares of the transportation company’s stock worth $655,768,000 after buying an additional 1,051,977 shares during the last quarter. Finally, Norges Bank bought a new position in Canadian National Railway during the 2nd quarter valued at about $591,904,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $109.49 on Friday. The stock has a 50-day simple moving average of $100.30 and a two-hundred day simple moving average of $96.83. 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 52-week low of $90.74 and a 52-week high of $109.90. The firm has a market capitalization of $67.13 billion, a PE ratio of 20.16, a P/E/G ratio of 2.27 and a beta of 0.94.

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

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.915 dividend. The ex-dividend date is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.3%. Canadian National Railway’s dividend payout ratio (DPR) is currently 46.59%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CNI. Evercore decreased their price objective on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and boosted their target price for the company from $146.00 to $151.00 in a research note on Friday, November 28th. Citigroup lowered their price target on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Finally, Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of $118.91.

Canadian National Railway 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.