Puzo Michael J Sells 9,170 Shares of Canadian National Railway Company (NYSE:CNI)

Puzo Michael J cut its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,589 shares of the transportation company's stock after selling 9,170 shares during the quarter. Canadian National Railway accounts for about 2.1% of Puzo Michael J's portfolio, making the stock its 25th largest position. Puzo Michael J's holdings in Canadian National Railway were worth $7,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after purchasing an additional 106 shares during the period. Finally, CX Institutional acquired a new position in shares of Canadian National Railway in the 1st quarter worth approximately $39,000. 80.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Raymond James Financial downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target on the stock in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a research report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of "Moderate Buy" and an average target price of $120.36.

Canadian National Railway Stock Up 0.0%

Shares of Canadian National Railway stock traded up $0.04 during trading on Friday, reaching $101.89. 1,114,033 shares of the company traded hands, compared to its average volume of 1,324,089. The firm has a market capitalization of $63.98 billion, a PE ratio of 19.86, a P/E/G ratio of 1.90 and a beta of 0.98. The company has a 50 day moving average price of $102.48 and a 200-day moving average price of $101.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. Canadian National Railway Company has a 1-year low of $91.65 and a 1-year high of $123.96.

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

Canadian National Railway Increases Dividend

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

Canadian National Railway 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.