Douglass Winthrop Advisors LLC Sells 135 Shares of Norfolk Southern Co. (NYSE:NSC)

Douglass Winthrop Advisors LLC trimmed its stake in shares of Norfolk Southern Co. (NYSE:NSCFree Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,759 shares of the railroad operator’s stock after selling 135 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Norfolk Southern were worth $3,961,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in shares of Norfolk Southern by 3.2% in the third quarter. Lazard Asset Management LLC now owns 8,629,330 shares of the railroad operator’s stock worth $1,699,371,000 after purchasing an additional 264,031 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Norfolk Southern by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,073,839 shares of the railroad operator’s stock worth $605,331,000 after acquiring an additional 26,686 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Norfolk Southern by 69.0% during the 3rd quarter. American Century Companies Inc. now owns 2,723,398 shares of the railroad operator’s stock worth $536,319,000 after acquiring an additional 1,112,261 shares in the last quarter. Morgan Stanley boosted its position in shares of Norfolk Southern by 3.2% during the 3rd quarter. Morgan Stanley now owns 2,385,434 shares of the railroad operator’s stock valued at $469,764,000 after acquiring an additional 73,149 shares during the last quarter. Finally, Norges Bank bought a new stake in Norfolk Southern in the fourth quarter worth $556,797,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 0.2 %

NSC stock traded up $0.56 during mid-day trading on Monday, reaching $226.86. The company had a trading volume of 784,900 shares, compared to its average volume of 1,368,674. The company has a market capitalization of $51.25 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.14 and a beta of 1.30. The firm has a 50 day moving average of $240.97 and a 200 day moving average of $238.13. Norfolk Southern Co. has a 12 month low of $183.09 and a 12 month high of $263.66. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.68 and a quick ratio of 0.61.

Norfolk Southern (NYSE:NSCGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing the consensus estimate of $2.58 by ($0.09). Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business earned $3.32 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts predict that Norfolk Southern Co. will post 11.88 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 3rd were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Thursday, May 2nd. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Susquehanna lowered their price objective on shares of Norfolk Southern from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Citigroup boosted their price objective on Norfolk Southern from $253.00 to $286.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. UBS Group lowered their price objective on Norfolk Southern from $302.00 to $294.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Stifel Nicolaus boosted their target price on Norfolk Southern from $233.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada upgraded Norfolk Southern from a “sector perform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Thursday. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.78.

Check Out Our Latest Stock Analysis on Norfolk Southern

Insiders Place Their Bets

In other news, CMO Claude E. Elkins sold 8,329 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $228.43, for a total value of $1,902,593.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

Norfolk Southern Company Profile

(Free Report)

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.

Further Reading

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

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