W.G. Shaheen & Associates DBA Whitney & Co Lowers Holdings in Norfolk Southern Corporation $NSC

W.G. Shaheen & Associates DBA Whitney & Co decreased its stake in Norfolk Southern Corporation (NYSE:NSC) by 35.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,663 shares of the railroad operator’s stock after selling 8,480 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Norfolk Southern were worth $4,522,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NSC. ORG Partners LLC raised its holdings in Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 36 shares during the period. JPL Wealth Management LLC acquired a new position in Norfolk Southern in the 3rd quarter worth about $25,000. BNP Paribas acquired a new position in Norfolk Southern in the 2nd quarter worth about $26,000. Westside Investment Management Inc. raised its holdings in Norfolk Southern by 207.1% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after purchasing an additional 58 shares during the period. Finally, GoalVest Advisory LLC raised its holdings in Norfolk Southern by 933.3% in the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

NSC has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Norfolk Southern from $350.00 to $310.00 and set a “hold” rating for the company in a report on Monday, April 6th. Argus upgraded Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Rothschild & Co Redburn decreased their target price on Norfolk Southern from $317.00 to $308.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Robert W. Baird raised their target price on Norfolk Southern from $315.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, UBS Group downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 target price on the stock. in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $320.28.

Norfolk Southern Price Performance

NSC stock opened at $312.28 on Thursday. The business has a fifty day moving average of $299.61 and a two-hundred day moving average of $294.20. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The stock has a market cap of $70.14 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 5.89 and a beta of 1.31. Norfolk Southern Corporation has a 52-week low of $218.05 and a 52-week high of $323.37.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 earnings per share. As a group, research analysts anticipate that Norfolk Southern Corporation will post 12.11 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 8th. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

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.