Patrick Mauro Investment Advisor INC. Cuts Stake in Canadian National Railway Company (NYSE:CNI)

Patrick Mauro Investment Advisor INC. lowered its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,245 shares of the transportation company's stock after selling 3,107 shares during the period. Canadian National Railway comprises 1.6% of Patrick Mauro Investment Advisor INC.'s investment portfolio, making the stock its 25th biggest position. Patrick Mauro Investment Advisor INC.'s holdings in Canadian National Railway were worth $2,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the last quarter. Capital International Investors grew its position in shares of Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Canadian National Railway by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock valued at $1,194,443,000 after purchasing an additional 309,210 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd grew its holdings in Canadian National Railway by 4.8% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock valued at $926,573,000 after buying an additional 422,078 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Susquehanna raised their price objective on shares of Canadian National Railway from $120.00 to $122.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Citigroup dropped their price target on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a research note on Thursday, June 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $120.86.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $103.99 on Tuesday. The firm's 50 day moving average price is $104.48 and its 200-day moving average price is $101.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96. The firm has a market cap of $65.15 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.11 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period in the prior year, the business posted $1.72 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.8875 per share. The ex-dividend date was Monday, June 9th. This is a positive change from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. Canadian National Railway's dividend payout ratio is 50.49%.

About Canadian National Railway

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.

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