Norfolk Southern Corporation $NSC Shares Sold by Advocate Group LLC

Advocate Group LLC trimmed its holdings in Norfolk Southern Corporation (NYSE:NSC) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,005 shares of the railroad operator’s stock after selling 133 shares during the quarter. Advocate Group LLC’s holdings in Norfolk Southern were worth $769,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Norfolk Southern in the 1st quarter valued at $27,000. HWG Holdings LP purchased a new position in Norfolk Southern in the 1st quarter valued at $35,000. Physician Wealth Advisors Inc. grew its position in Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after buying an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Norfolk Southern in the 1st quarter valued at $41,000. Finally, Golden State Wealth Management LLC grew its position in Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 2.2%

Shares of NSC stock opened at $288.34 on Friday. The firm has a 50-day moving average price of $284.20 and a 200 day moving average price of $258.06. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The company has a market capitalization of $64.77 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.59 and a beta of 1.33. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Research analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio is currently 36.49%.

Analyst Ratings Changes

A number of research firms recently weighed in on NSC. Benchmark lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a research report on Wednesday. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada lowered shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $293.25.

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.