First Allied Advisory Services Inc. Has $781,000 Stake in Norfolk Southern Corp. (NSC)

First Allied Advisory Services Inc. lifted its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,386 shares of the railroad operator’s stock after purchasing an additional 379 shares during the period. First Allied Advisory Services Inc.’s holdings in Norfolk Southern were worth $781,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NSC. Commonwealth Bank of Australia lifted its holdings in Norfolk Southern by 2,921.5% in the third quarter. Commonwealth Bank of Australia now owns 1,277,777 shares of the railroad operator’s stock worth $168,353,000 after buying an additional 1,235,488 shares during the period. American Century Companies Inc. lifted its holdings in Norfolk Southern by 124.5% in the fourth quarter. American Century Companies Inc. now owns 1,231,991 shares of the railroad operator’s stock worth $178,515,000 after buying an additional 683,170 shares during the period. Vaughan David Investments Inc. IL lifted its holdings in Norfolk Southern by 6,127.8% in the third quarter. Vaughan David Investments Inc. IL now owns 612,319 shares of the railroad operator’s stock worth $29,606,000 after buying an additional 602,487 shares during the period. Prudential Financial Inc. lifted its holdings in Norfolk Southern by 61.2% in the third quarter. Prudential Financial Inc. now owns 1,143,908 shares of the railroad operator’s stock worth $151,270,000 after buying an additional 434,160 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in Norfolk Southern by 73.1% in the third quarter. Epoch Investment Partners Inc. now owns 372,632 shares of the railroad operator’s stock worth $49,276,000 after buying an additional 157,374 shares during the period. Institutional investors own 73.77% of the company’s stock.

Shares of Norfolk Southern Corp. (NYSE NSC) opened at $141.48 on Friday. The firm has a market cap of $39,447.21, a P/E ratio of 20.95, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. Norfolk Southern Corp. has a 1 year low of $109.27 and a 1 year high of $157.15.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, January 24th. The railroad operator reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.13. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.66 billion. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 earnings per share. research analysts forecast that Norfolk Southern Corp. will post 8.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 2nd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $2.88 annualized dividend and a dividend yield of 2.04%. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.61. Norfolk Southern’s dividend payout ratio (DPR) is 15.38%.

In other Norfolk Southern news, VP Thomas E. Hurlbut sold 467 shares of Norfolk Southern stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.17, for a total value of $70,129.39. Following the completion of the sale, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $750,850. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman James A. Squires sold 10,000 shares of Norfolk Southern stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $150.10, for a total transaction of $1,501,000.00. The disclosure for this sale can be found here. Insiders have sold 15,536 shares of company stock valued at $2,277,302 in the last three months. 0.36% of the stock is owned by insiders.

A number of brokerages have weighed in on NSC. UBS Group raised their target price on shares of Norfolk Southern from $133.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Wednesday, November 1st. Argus raised their target price on shares of Norfolk Southern from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. ValuEngine raised shares of Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Scotiabank raised shares of Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $140.85.

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About Norfolk Southern

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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

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