Norfolk Southern Corporation $NSC Position Lowered by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services decreased its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,841 shares of the railroad operator’s stock after selling 278 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Norfolk Southern were worth $471,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NSC. Price T Rowe Associates Inc. MD lifted its position in shares of Norfolk Southern by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator’s stock worth $2,680,910,000 after purchasing an additional 2,710,930 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Norfolk Southern during the second quarter worth about $321,393,000. Adage Capital Partners GP L.L.C. raised its stake in Norfolk Southern by 341.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 789,950 shares of the railroad operator’s stock worth $187,100,000 after acquiring an additional 611,198 shares during the period. Nuveen LLC acquired a new stake in Norfolk Southern during the first quarter worth about $122,256,000. Finally, Phoenix Financial Ltd. acquired a new stake in Norfolk Southern during the first quarter worth about $110,209,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

NYSE NSC opened at $288.46 on Friday. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $302.24. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a market cap of $64.79 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. The company has a 50-day moving average price of $284.94 and a two-hundred day moving average price of $259.41.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping 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 analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current 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 issued a $1.35 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is 36.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price objective on shares of Norfolk Southern in a research note on Friday, July 25th. Barclays increased their price objective on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, Loop Capital increased their price objective on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a research note on Tuesday, September 16th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Norfolk Southern has a consensus rating of “Hold” and an average target price of $293.80.

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.