Impact Capital Partners LLC Has $465,000 Holdings in Norfolk Southern Co. (NYSE:NSC)

Impact Capital Partners LLC lessened its stake in Norfolk Southern Co. (NYSE:NSC) by 18.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,963 shares of the railroad operator’s stock after selling 450 shares during the quarter. Impact Capital Partners LLC’s holdings in Norfolk Southern were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSC. Brighton Jones LLC grew its position in shares of Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock worth $400,000 after buying an additional 79 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Norfolk Southern by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,246 shares of the railroad operator’s stock worth $4,526,000 after buying an additional 4,818 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $8,263,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Norfolk Southern by 0.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 536,823 shares of the railroad operator’s stock worth $125,992,000 after buying an additional 3,364 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Norfolk Southern by 1.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,257 shares of the railroad operator’s stock worth $6,632,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NSC opened at $250.89 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. Norfolk Southern Co. has a twelve month low of $201.63 and a twelve month high of $277.60. The firm’s 50 day moving average price is $229.42 and its two-hundred day moving average price is $240.61. The firm has a market cap of $56.56 billion, a P/E ratio of 21.70, a PEG ratio of 2.31 and a beta of 1.32.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.03). Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $2.49 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts forecast that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, May 2nd. Norfolk Southern’s dividend payout ratio is presently 36.89%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Norfolk Southern from $298.00 to $259.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $278.00 price target on shares of Norfolk Southern in a research report on Monday, June 2nd. Barclays lowered their price target on shares of Norfolk Southern from $305.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. BMO Capital Markets restated a “market perform” rating and set a $255.00 price objective on shares of Norfolk Southern in a report on Thursday, April 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Norfolk Southern from $285.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $267.24.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.