CSX Co. (NASDAQ:CSX) Stake Lessened by CFO4Life Group LLC

CFO4Life Group LLC cut its stake in CSX Co. (NASDAQ:CSX) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,964 shares of the transportation company’s stock after selling 3,001 shares during the period. CSX makes up approximately 0.6% of CFO4Life Group LLC’s investment portfolio, making the stock its 28th biggest position. CFO4Life Group LLC’s holdings in CSX were worth $3,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CSX. Fortitude Family Office LLC bought a new position in shares of CSX in the fourth quarter valued at approximately $27,000. Life Planning Partners Inc bought a new position in shares of CSX in the fourth quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of CSX in the first quarter valued at approximately $29,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of CSX in the fourth quarter valued at approximately $34,000. Finally, Burkett Financial Services LLC acquired a new stake in CSX during the fourth quarter valued at approximately $34,000. 73.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on CSX shares. Bank of America lowered shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Monday. Jefferies Financial Group cut their target price on shares of CSX from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus increased their target price on shares of CSX from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, April 12th. UBS Group cut their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Benchmark restated a “buy” rating and issued a $40.00 price target on shares of CSX in a research report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and a consensus target price of $37.39.

CSX Stock Up 0.4 %

Shares of CSX traded up $0.15 during mid-day trading on Friday, hitting $33.89. 2,690,043 shares of the company’s stock were exchanged, compared to its average volume of 11,788,226. The firm has a fifty day moving average of $33.37 and a two-hundred day moving average of $35.07. CSX Co. has a twelve month low of $29.03 and a twelve month high of $40.12. The stock has a market cap of $66.25 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.78 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the business posted $0.48 EPS. CSX’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that CSX Co. will post 1.95 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. CSX’s dividend payout ratio (DPR) is 26.37%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.