Vestor Capital LLC Has $20.82 Million Position in Norfolk Southern Co. (NYSE:NSC)

Vestor Capital LLC boosted its position in shares of Norfolk Southern Co. (NYSE:NSCGet Rating) by 0.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,003 shares of the railroad operator’s stock after purchasing an additional 658 shares during the quarter. Norfolk Southern accounts for about 2.1% of Vestor Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Vestor Capital LLC’s holdings in Norfolk Southern were worth $20,822,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NSC. Vectors Research Management LLC boosted its holdings in shares of Norfolk Southern by 468.8% in the fourth quarter. Vectors Research Management LLC now owns 91 shares of the railroad operator’s stock valued at $27,000 after buying an additional 75 shares during the period. Concord Wealth Partners boosted its holdings in shares of Norfolk Southern by 2,300.0% in the first quarter. Concord Wealth Partners now owns 120 shares of the railroad operator’s stock valued at $34,000 after buying an additional 115 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Norfolk Southern by 141.4% in the fourth quarter. Benjamin Edwards Inc. now owns 140 shares of the railroad operator’s stock valued at $42,000 after buying an additional 82 shares during the period. Riverview Trust Co acquired a new position in shares of Norfolk Southern in the first quarter valued at approximately $42,000. Finally, HWG Holdings LP acquired a new position in shares of Norfolk Southern in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 73.63% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NSC stock traded up $1.32 on Friday, hitting $251.02. The company’s stock had a trading volume of 627,594 shares, compared to its average volume of 1,294,636. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.98 and a current ratio of 1.10. The stock’s 50 day moving average is $234.32 and its 200-day moving average is $253.77. Norfolk Southern Co. has a fifty-two week low of $217.00 and a fifty-two week high of $299.20. The company has a market capitalization of $58.96 billion, a PE ratio of 19.99, a PEG ratio of 1.86 and a beta of 1.32.

Norfolk Southern (NYSE:NSCGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The railroad operator reported $3.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.03). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.14 billion. Norfolk Southern had a return on equity of 22.42% and a net margin of 25.57%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.28 earnings per share. Equities research analysts expect that Norfolk Southern Co. will post 13.67 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 20th. Shareholders of record on Monday, August 8th will be paid a dividend of $1.24 per share. The ex-dividend date is Friday, August 5th. This represents a $4.96 dividend on an annualized basis and a yield of 1.98%. Norfolk Southern’s payout ratio is 39.49%.

Insiders Place Their Bets

In other news, CEO Alan H. Shaw sold 1,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $241.84, for a total value of $241,840.00. Following the completion of the transaction, the chief executive officer now owns 34,255 shares of the company’s stock, valued at $8,284,229.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Alan H. Shaw sold 1,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $241.84, for a total value of $241,840.00. Following the completion of the transaction, the chief executive officer now owns 34,255 shares of the company’s stock, valued at $8,284,229.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James A. Squires sold 105,420 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $248.81, for a total transaction of $26,229,550.20. Following the completion of the transaction, the director now directly owns 42,728 shares of the company’s stock, valued at approximately $10,631,153.68. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the subject of several research analyst reports. Cowen reduced their price target on shares of Norfolk Southern from $331.00 to $316.00 in a report on Thursday, July 28th. Stifel Nicolaus raised shares of Norfolk Southern from a “hold” rating to a “buy” rating and cut their price objective for the stock from $289.00 to $275.00 in a research report on Friday, July 15th. They noted that the move was a valuation call. Wells Fargo & Company cut their price objective on shares of Norfolk Southern from $340.00 to $274.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Credit Suisse Group started coverage on shares of Norfolk Southern in a research report on Monday, June 27th. They issued an “outperform” rating and a $267.00 price objective on the stock. Finally, Citigroup lowered shares of Norfolk Southern from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $345.00 to $260.00 in a research report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Norfolk Southern currently has an average rating of “Hold” and a consensus price target of $283.10.

Norfolk Southern Profile

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Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

See Also

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

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