Sanchez Wealth Management Group Has $1.42 Million Stock Holdings in CSX Co. (NASDAQ:CSX)

Sanchez Wealth Management Group increased its stake in CSX Co. (NASDAQ:CSX) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,169 shares of the transportation company’s stock after acquiring an additional 3,897 shares during the quarter. CSX comprises 0.4% of Sanchez Wealth Management Group’s holdings, making the stock its 25th largest holding. Sanchez Wealth Management Group’s holdings in CSX were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CSX. Wellington Management Group LLP boosted its holdings in CSX by 14.7% in the fourth quarter. Wellington Management Group LLP now owns 117,579 shares of the transportation company’s stock worth $3,794,000 after acquiring an additional 15,029 shares in the last quarter. Waycross Partners LLC grew its stake in shares of CSX by 7.0% in the 4th quarter. Waycross Partners LLC now owns 619,471 shares of the transportation company’s stock worth $19,990,000 after acquiring an additional 40,611 shares in the last quarter. Cercano Management LLC purchased a new stake in CSX in the 4th quarter valued at about $4,869,000. Geode Capital Management LLC lifted its holdings in CSX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 41,633,333 shares of the transportation company’s stock worth $1,339,555,000 after acquiring an additional 726,507 shares during the period. Finally, Principal Securities Inc. raised its position in CSX by 6.4% in the fourth quarter. Principal Securities Inc. now owns 26,933 shares of the transportation company’s stock worth $869,000 after acquiring an additional 1,614 shares during the period. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of CSX stock opened at $32.39 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The firm has a market cap of $60.85 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.92 and a beta of 1.24. The business’s 50 day moving average price is $29.63 and its 200-day moving average price is $31.30.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, April 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). CSX had a return on equity of 28.15% and a net margin of 23.95%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.53 billion. On average, equities research analysts anticipate that CSX Co. will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 30th. CSX’s dividend payout ratio is presently 31.14%.

Analyst Ratings Changes

A number of research analysts have weighed in on CSX shares. Argus set a $32.00 price target on shares of CSX in a report on Friday, April 25th. Wells Fargo & Company dropped their price objective on CSX from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. BMO Capital Markets reduced their target price on CSX from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Citigroup lowered their price target on CSX from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America lifted their price target on CSX from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, May 12th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.95.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.