Puzo Michael J Has $5.42 Million Position in Canadian National Railway Company $CNI

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Canadian National Railway in the first quarter valued at about $311,000. Focus Partners Wealth raised its stake in Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after purchasing an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in Canadian National Railway in the 2nd quarter worth about $202,000. EverSource Wealth Advisors LLC boosted its holdings in Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Canadian National Railway by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 474 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $126.75 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 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 $129.52. The stock has a market capitalization of $76.81 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96. The stock has a fifty day moving average of $118.81 and a 200-day moving average of $109.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Canadian National Railway Company will post 5.66 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CNI shares. Barclays raised their target price on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings lowered Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Royal Bank Of Canada raised their price target on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce boosted their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Finally, Sanford C. Bernstein upped their price objective 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. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.12.

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.