OLIO Financial Planning Increases Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

OLIO Financial Planning increased its stake in Norfolk Southern Co. (NYSE:NSC) by 52.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,544 shares of the railroad operator’s stock after acquiring an additional 533 shares during the quarter. OLIO Financial Planning’s holdings in Norfolk Southern were worth $362,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new stake in shares of Norfolk Southern during the third quarter worth approximately $25,000. Morse Asset Management Inc purchased a new stake in shares of Norfolk Southern during the third quarter worth $30,000. HWG Holdings LP acquired a new stake in shares of Norfolk Southern in the second quarter valued at about $31,000. Coastline Trust Co purchased a new position in shares of Norfolk Southern in the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP acquired a new position in Norfolk Southern during the third quarter worth about $33,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 0.5 %

Shares of NSC stock opened at $254.91 on Monday. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a 50 day moving average price of $249.61 and a 200 day moving average price of $247.91. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The stock has a market capitalization of $57.67 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

Insider Buying and Selling

In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NSC shares. Barclays raised their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lowered their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Citigroup raised their target price on Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein boosted their price target on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their price objective on shares of Norfolk Southern from $272.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Company Profile

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.