Puzo Michael J Decreases Stake in Canadian National Railway Company (NYSE:CNI)

Puzo Michael J lowered 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 76,589 shares of the transportation company's stock after selling 9,170 shares during the period. Canadian National Railway makes up 2.1% of Puzo Michael J's investment portfolio, making the stock its 25th biggest holding. 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNI. Bfsg LLC grew its position in Canadian National Railway by 14.0% in the 1st quarter. Bfsg LLC now owns 14,036 shares of the transportation company's stock valued at $1,368,000 after purchasing an additional 1,722 shares during the period. Louisbourg Investments Inc. lifted its stake in shares of Canadian National Railway by 0.7% in the first quarter. Louisbourg Investments Inc. now owns 289,119 shares of the transportation company's stock valued at $28,164,000 after buying an additional 2,050 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its holdings in shares of Canadian National Railway by 8.7% during the first quarter. Lorne Steinberg Wealth Management Inc. now owns 66,459 shares of the transportation company's stock valued at $6,474,000 after buying an additional 5,340 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Canadian National Railway during the first quarter valued at about $449,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Canadian National Railway by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 146,586 shares of the transportation company's stock worth $14,286,000 after acquiring an additional 7,776 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded down $0.29 during midday trading on Wednesday, reaching $101.77. The company had a trading volume of 1,322,029 shares, compared to its average volume of 1,337,938. The stock has a market cap of $63.90 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.95 and a beta of 0.98. The company's 50 day moving average price is $102.24 and its 200 day moving average price is $101.77. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $123.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.38 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $163.00 price target on shares of Canadian National Railway in a research note on Thursday, June 5th. Stephens raised their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Stifel Nicolaus decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America increased their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Citigroup lifted their price objective on shares of Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and an average target price of $120.36.

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.