Cornell Pochily Investment Advisors Inc. cut its holdings in Norfolk Southern Corp. (NYSE:NSC) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738 shares of the railroad operator’s stock after selling 126 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Norfolk Southern were worth $559,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Savant Capital LLC lifted its stake in shares of Norfolk Southern by 1.2% in the 4th quarter. Savant Capital LLC now owns 5,930 shares of the railroad operator’s stock valued at $887,000 after purchasing an additional 72 shares during the last quarter. Stony Point Wealth Management Inc. lifted its stake in shares of Norfolk Southern by 5.0% in the 4th quarter. Stony Point Wealth Management Inc. now owns 1,589 shares of the railroad operator’s stock valued at $238,000 after purchasing an additional 75 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of Norfolk Southern by 2.0% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,825 shares of the railroad operator’s stock valued at $572,000 after purchasing an additional 75 shares during the last quarter. BKD Wealth Advisors LLC lifted its stake in shares of Norfolk Southern by 1.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 4,427 shares of the railroad operator’s stock valued at $662,000 after purchasing an additional 77 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Norfolk Southern by 3.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,627 shares of the railroad operator’s stock valued at $474,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 81.25% of the company’s stock.
NSC has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Norfolk Southern from $115.00 to $116.00 and gave the company an “underweight” rating in a report on Monday, January 7th. Deutsche Bank downgraded Norfolk Southern from a “buy” rating to a “hold” rating and set a $177.00 price objective on the stock. in a report on Friday, January 25th. Robert W. Baird cut their price objective on Norfolk Southern from $186.00 to $181.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Bank of America downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and set a $182.00 price objective on the stock. in a report on Thursday, October 18th. Finally, Argus reiterated a “buy” rating on shares of Norfolk Southern in a report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Norfolk Southern currently has a consensus rating of “Buy” and a consensus target price of $182.32.
NSC opened at $180.61 on Wednesday. Norfolk Southern Corp. has a one year low of $127.79 and a one year high of $186.91. The stock has a market capitalization of $46.70 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69.
Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, January 24th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Norfolk Southern had a return on equity of 16.71% and a net margin of 23.27%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. On average, research analysts expect that Norfolk Southern Corp. will post 10.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 4th will be given a $0.86 dividend. The ex-dividend date is Friday, February 1st. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.80. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.90%. Norfolk Southern’s dividend payout ratio is 36.17%.
About Norfolk Southern
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.
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