Deutsche Bank AG Purchases New Position in Norfolk Southern Corporation $NSC

Deutsche Bank AG acquired a new stake in Norfolk Southern Corporation (NYSE:NSC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,133,406 shares of the railroad operator’s stock, valued at approximately $356,558,000. Deutsche Bank AG owned 0.50% of Norfolk Southern at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of NSC. Perigon Wealth Management LLC acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $3,721,000. Commerzbank Aktiengesellschaft FI purchased a new position in Norfolk Southern in the 2nd quarter worth approximately $1,065,000. Phillips Wealth Planners LLC acquired a new stake in Norfolk Southern in the second quarter valued at approximately $226,000. Trust Co. of Vermont acquired a new stake in Norfolk Southern in the second quarter valued at approximately $9,249,000. Finally, Principle Wealth Partners LLC purchased a new stake in shares of Norfolk Southern during the second quarter valued at approximately $3,309,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Rothschild & Co Redburn boosted their target price on shares of Norfolk Southern from $308.00 to $315.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. UBS Group reaffirmed a “neutral” rating and set a $363.00 price target on shares of Norfolk Southern in a report on Friday, July 24th. Barclays lifted their price target on shares of Norfolk Southern from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Robert W. Baird boosted their price objective on shares of Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Wall Street Zen raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Seven research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $348.00.

Norfolk Southern Stock Up 1.9%

Shares of NYSE:NSC opened at $340.90 on Tuesday. The firm has a market cap of $76.57 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 5.92 and a beta of 1.27. The company has a fifty day simple moving average of $325.50 and a 200 day simple moving average of $311.88. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. Norfolk Southern Corporation has a 12-month low of $268.23 and a 12-month high of $358.60.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 EPS. On average, equities research analysts anticipate that Norfolk Southern Corporation will post 12.66 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, August 7th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $5.40 annualized dividend and a dividend yield of 1.6%. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.08%.

Norfolk Southern 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.