Puzo Michael J Makes New $5.92 Million Investment in Canadian National Railway Company $CNI

Puzo Michael J bought a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 49,603 shares of the transportation company’s stock, valued at approximately $5,915,000. Canadian National Railway accounts for 1.5% of Puzo Michael J’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds also recently modified their holdings of CNI. Vanguard Group Inc. boosted its position in shares of Canadian National Railway by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock worth $2,437,679,000 after buying an additional 346,670 shares during the period. FIL Ltd raised its position in Canadian National Railway by 49.5% during the fourth quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after buying an additional 5,210,403 shares during the period. Caisse de depot et placement du Quebec lifted its stake in Canadian National Railway by 1.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after acquiring an additional 157,000 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Canadian National Railway by 2.0% in the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock worth $934,488,000 after acquiring an additional 173,894 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Canadian National Railway by 15.1% during the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock worth $889,462,000 after acquiring an additional 1,182,106 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.9%

Shares of Canadian National Railway stock opened at $127.75 on Thursday. The firm has a market cap of $77.31 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.36 and a beta of 0.95. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $131.55. The stock has a 50-day simple moving average of $123.59 and a 200-day simple moving average of $114.26.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 earnings per share. On average, equities research analysts expect that Canadian National Railway Company will post 5.81 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.34%.

Analyst Ratings Changes

Several research firms have weighed in on CNI. Citigroup lifted their target price on Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada increased their price target on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Citizens Jmp initiated coverage on shares of Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Stephens upgraded shares of Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.40.

Canadian National Railway 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.