United Capital Financial Advisors LLC Invests $3.29 Million in Norfolk Southern Corporation $NSC

United Capital Financial Advisors LLC bought a new stake in Norfolk Southern Corporation (NYSE:NSCFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,444 shares of the railroad operator’s stock, valued at approximately $3,286,000.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Norfolk Southern by 4.9% in 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 last quarter. Intech Investment Management LLC increased its holdings in Norfolk Southern by 40.4% during the first quarter. Intech Investment Management LLC now owns 6,447 shares of the railroad operator’s stock worth $1,527,000 after buying an additional 1,855 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Norfolk Southern in the second quarter worth about $327,000. Schnieders Capital Management LLC. raised its position in Norfolk Southern by 64.1% in the second quarter. Schnieders Capital Management LLC. now owns 4,275 shares of the railroad operator’s stock worth $1,094,000 after acquiring an additional 1,670 shares during the period. Finally, Jump Financial LLC boosted its stake in Norfolk Southern by 185.1% in the second quarter. Jump Financial LLC now owns 4,588 shares of the railroad operator’s stock valued at $1,174,000 after acquiring an additional 2,979 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSC has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Norfolk Southern from $320.00 to $360.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Wells Fargo & Company upped their price objective on Norfolk Southern from $365.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Citigroup increased their price objective on Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Benchmark restated a “hold” rating on shares of Norfolk Southern in a research note on Friday, July 24th. Finally, Robert W. Baird upped their price target on Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $348.00.

Get Our Latest Report on Norfolk Southern

Norfolk Southern Stock Up 0.2%

NSC opened at $348.67 on Friday. Norfolk Southern Corporation has a 12 month low of $268.23 and a 12 month high of $358.60. The company has a market cap of $78.31 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 5.22 and a beta of 1.27. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $332.87 and a 200 day moving average of $315.01.

Norfolk Southern (NYSE:NSCGet Free Report) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.29 EPS. On average, sell-side analysts expect that Norfolk Southern Corporation will post 12.74 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Friday, August 7th were paid a $1.35 dividend. The ex-dividend date was Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.5%. Norfolk Southern’s dividend payout ratio (DPR) is currently 46.08%.

About Norfolk Southern

(Free Report)

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.

See Also

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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