WealthPLAN Partners LLC Has $395,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

WealthPLAN Partners LLC lowered its position in shares of Norfolk Southern Co. (NYSE:NSC) by 5.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,588 shares of the railroad operator’s stock after selling 83 shares during the quarter. WealthPLAN Partners LLC’s holdings in Norfolk Southern were worth $395,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in shares of Norfolk Southern in the 3rd quarter valued at $25,000. Cedar Wealth Management LLC bought a new stake in shares of Norfolk Southern in the first quarter worth about $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Norfolk Southern during the second quarter worth about $27,000. Financial Connections Group Inc. acquired a new stake in shares of Norfolk Southern during the second quarter worth about $31,000. Finally, HWG Holdings LP bought a new position in shares of Norfolk Southern during the 2nd quarter valued at about $31,000. Institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NSC. UBS Group lifted their price target on shares of Norfolk Southern from $289.00 to $309.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped their target price on shares of Norfolk Southern from $275.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein upped their price objective on Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group lifted their target price on Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Norfolk Southern currently has an average rating of “Moderate Buy” and a consensus price target of $274.89.

Norfolk Southern Stock Down 1.4 %

NSC stock opened at $267.45 on Wednesday. Norfolk Southern Co. has a 1-year low of $195.76 and a 1-year high of $277.60. The business’s 50 day simple moving average is $252.07 and its 200 day simple moving average is $238.05. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $60.51 billion, a PE ratio of 25.11, a PEG ratio of 2.57 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.65 earnings per share. As a group, research analysts anticipate that Norfolk Southern Co. will post 11.81 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, November 1st. Norfolk Southern’s payout ratio is 50.70%.

Insider Transactions at Norfolk Southern

In other news, Director Sameh Fahmy acquired 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of $255.00 per share, with a total value of $255,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $2,550,000. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the sale, the chief executive officer now directly owns 35,045 shares in the company, valued at approximately $8,970,819.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameh Fahmy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $2,550,000. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

About Norfolk Southern

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, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; 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.