Norfolk Southern Corporation $NSC Stake Lessened by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its stake in Norfolk Southern Corporation (NYSE:NSCFree Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,990 shares of the railroad operator’s stock after selling 2,282 shares during the period. J.W. Cole Advisors Inc.’s holdings in Norfolk Southern were worth $2,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NSC. JPL Wealth Management LLC bought a new position in shares of Norfolk Southern in the third quarter valued at approximately $25,000. BNP Paribas bought a new position in shares of Norfolk Southern in the second quarter valued at approximately $26,000. GoalVest Advisory LLC boosted its holdings in shares of Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 84 shares in the last quarter. MMA Asset Management LLC bought a new position in shares of Norfolk Southern in the third quarter valued at approximately $28,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Norfolk Southern by 669.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Performance

Shares of NSC opened at $313.88 on Monday. The company’s fifty day moving average is $305.69 and its 200-day moving average is $299.20. Norfolk Southern Corporation has a 12 month low of $247.85 and a 12 month high of $326.00. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 5.79 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04.

Norfolk Southern (NYSE:NSCGet Free Report) last posted its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $2.69 EPS. Norfolk Southern’s revenue was up .2% compared to the same quarter last year. Equities analysts expect that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.7%. Norfolk Southern’s dividend payout ratio (DPR) is presently 45.49%.

Analyst Upgrades and Downgrades

NSC has been the subject of several research analyst reports. Citigroup restated a “neutral” rating on shares of Norfolk Southern in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Wolfe Research increased their target price on shares of Norfolk Southern from $350.00 to $355.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Barclays increased their target price on shares of Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group dropped their price target on shares of Norfolk Southern from $350.00 to $310.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $322.71.

Get Our Latest Stock Analysis on NSC

Norfolk Southern Profile

(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

Want to see what other hedge funds are holding NSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norfolk Southern Corporation (NYSE:NSCFree Report).

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

Receive News & Ratings for Norfolk Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Southern and related companies with MarketBeat.com's FREE daily email newsletter.