Norfolk Southern Co. (NYSE:NSC) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC reduced its stake in shares of Norfolk Southern Co. (NYSE:NSCGet Rating) by 4.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,717 shares of the railroad operator’s stock after selling 155 shares during the period. Acropolis Investment Management LLC’s holdings in Norfolk Southern were worth $845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSC. Rockefeller Capital Management L.P. lifted its stake in Norfolk Southern by 6.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,712 shares of the railroad operator’s stock valued at $4,974,000 after buying an additional 1,023 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Norfolk Southern by 1.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 27,474 shares of the railroad operator’s stock valued at $8,179,000 after buying an additional 449 shares in the last quarter. Blair William & Co. IL lifted its stake in Norfolk Southern by 17.4% in the 4th quarter. Blair William & Co. IL now owns 42,857 shares of the railroad operator’s stock valued at $12,759,000 after buying an additional 6,347 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Norfolk Southern by 3.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,346 shares of the railroad operator’s stock valued at $698,000 after buying an additional 85 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Norfolk Southern by 43.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 18,253 shares of the railroad operator’s stock worth $5,434,000 after purchasing an additional 5,486 shares in the last quarter. 73.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Norfolk Southern news, Director James A. Squires sold 105,420 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $248.81, for a total transaction of $26,229,550.20. Following the transaction, the director now directly owns 42,728 shares in the company, valued at $10,631,153.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of Norfolk Southern from $300.00 to $255.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 14th. Stephens decreased their target price on shares of Norfolk Southern from $244.00 to $243.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Cowen decreased their target price on shares of Norfolk Southern from $331.00 to $316.00 in a research note on Thursday, July 28th. StockNews.com raised shares of Norfolk Southern from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Finally, Wells Fargo & Company cut their price target on shares of Norfolk Southern from $340.00 to $274.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $283.10.

Norfolk Southern Stock Down 1.9 %

Shares of Norfolk Southern stock traded down $4.32 during trading on Friday, hitting $220.39. 12,204 shares of the stock were exchanged, compared to its average volume of 1,340,052. Norfolk Southern Co. has a 12-month low of $217.00 and a 12-month high of $299.20. The stock has a market cap of $51.76 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.10 and a quick ratio of 0.98. The firm’s 50-day moving average price is $246.36 and its 200 day moving average price is $248.37.

Norfolk Southern (NYSE:NSCGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The railroad operator reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.01. Norfolk Southern had a net margin of 25.57% and a return on equity of 22.42%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the business posted $3.28 earnings per share. Norfolk Southern’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast that Norfolk Southern Co. will post 13.69 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, August 20th. Shareholders of record on Monday, August 8th were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $4.96 annualized dividend and a yield of 2.25%. Norfolk Southern’s payout ratio is currently 39.49%.

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.

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

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