Puzo Michael J Sells 4,312 Shares of Canadian National Railway Company $CNI

Puzo Michael J reduced its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,698 shares of the transportation company’s stock after selling 4,312 shares during the period. Canadian National Railway accounts for about 1.6% of Puzo Michael J’s portfolio, making the stock its 27th largest holding. Puzo Michael J’s holdings in Canadian National Railway were worth $5,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. High Point Wealth Management LLC bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $27,000. Curio Wealth LLC bought a new stake in Canadian National Railway during the fourth quarter worth about $31,000. MidFirst Bank bought a new stake in Canadian National Railway during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd boosted its position in Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new position in Canadian National Railway in the first quarter valued at approximately $37,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Canadian National Railway from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a report on Thursday, June 25th. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Citizens Jmp started coverage on shares of Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus price target of $132.12.

Canadian National Railway Stock Down 1.8%

CNI opened at $126.75 on Tuesday. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $129.52. The stock’s fifty day simple moving average is $118.81 and its 200 day simple moving average is $109.89. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The stock has a market cap of $76.81 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts expect that Canadian National Railway Company will post 5.66 earnings per share for the current year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

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.