TD Private Client Wealth LLC Sells 2,551 Shares of Norfolk Southern Corporation $NSC

TD Private Client Wealth LLC lowered its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 62.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,557 shares of the railroad operator’s stock after selling 2,551 shares during the period. TD Private Client Wealth LLC’s holdings in Norfolk Southern were worth $468,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. ORG Partners LLC lifted its holdings in shares of Norfolk Southern by 75.0% during the third quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after buying an additional 36 shares in the last quarter. BNP Paribas acquired a new position in Norfolk Southern in the second quarter valued at about $26,000. True Wealth Design LLC increased its stake in Norfolk Southern by 423.8% in the second quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 89 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in Norfolk Southern by 68.9% during the third quarter. Highline Wealth Partners LLC now owns 103 shares of the railroad operator’s stock worth $31,000 after purchasing an additional 42 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in shares of Norfolk Southern by 58.5% in the 2nd quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Down 0.2%

Shares of NSC stock opened at $290.09 on Friday. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The business’s fifty day moving average is $289.61 and its 200 day moving average is $283.89. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.78 and a current ratio of 0.86. The company has a market capitalization of $65.09 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 5.09 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.01). The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $3.25 EPS. On average, equities research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Norfolk Southern’s payout ratio is 41.19%.

Analysts Set New Price Targets

NSC has been the subject of a number of research reports. Morgan Stanley upgraded Norfolk Southern from an “equal weight” rating to a “buy” rating in a research note on Thursday, December 18th. Wolfe Research upped their target price on Norfolk Southern from $361.00 to $368.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Susquehanna lifted their price objective on shares of Norfolk Southern from $288.00 to $304.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. TD Cowen decreased their price target on shares of Norfolk Southern from $320.00 to $314.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, BMO Capital Markets boosted their price target on shares of Norfolk Southern from $285.00 to $305.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $303.52.

Insider Buying and Selling

In other news, Director Richard H. Anderson bought 2,600 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average price of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the acquisition, the director owned 7,000 shares of the company’s stock, valued at approximately $1,973,020. This trade represents a 59.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Jr. Clyburn purchased 204 shares of the business’s stock in a transaction on Friday, December 5th. The stock was purchased at an average cost of $294.79 per share, for a total transaction of $60,137.16. Following the acquisition, the director owned 405 shares in the company, valued at approximately $119,389.95. The trade was a 101.49% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 4,454 shares of company stock worth $1,259,874. 0.06% of the stock is owned by company insiders.

Norfolk Southern Company Profile

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.