Puzo Michael J Sells 4,621 Shares of Canadian National Railway (NYSE:CNI)

Puzo Michael J lowered its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,759 shares of the transportation company's stock after selling 4,621 shares during the period. Canadian National Railway accounts for 2.4% of Puzo Michael J's portfolio, making the stock its 21st largest holding. Puzo Michael J's holdings in Canadian National Railway were worth $8,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. D.A. Davidson & CO. increased its holdings in shares of Canadian National Railway by 13.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,978 shares of the transportation company's stock valued at $232,000 after acquiring an additional 241 shares during the last quarter. Townsquare Capital LLC acquired a new position in Canadian National Railway during the third quarter valued at approximately $240,000. Captrust Financial Advisors raised its position in shares of Canadian National Railway by 3.6% in the third quarter. Captrust Financial Advisors now owns 18,935 shares of the transportation company's stock valued at $2,218,000 after purchasing an additional 659 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Canadian National Railway in the third quarter worth $478,000. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Canadian National Railway by 27.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,903 shares of the transportation company's stock worth $340,000 after buying an additional 620 shares during the period. Institutional investors own 80.74% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have weighed in on CNI shares. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Stifel Nicolaus increased their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Susquehanna dropped their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company reduced their price objective on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Citigroup dropped their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.19.

Canadian National Railway Price Performance

NYSE:CNI traded up $0.51 on Wednesday, reaching $93.17. The stock had a trading volume of 415,955 shares, compared to its average volume of 1,258,421. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $58.55 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The stock has a fifty day moving average price of $99.71 and a 200-day moving average price of $105.34. Canadian National Railway has a 1-year low of $90.70 and a 1-year high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.64%. Canadian National Railway's dividend payout ratio is 47.66%.

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.