Norfolk Southern Co. (NYSE:NSC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Norfolk Southern Co. (NYSE:NSC) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,573 shares of the railroad operator’s stock after selling 212 shares during the period. Wellington Management Group LLP’s holdings in Norfolk Southern were worth $3,445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in Norfolk Southern by 662.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Norfolk Southern during the 4th quarter worth about $32,000. Creative Financial Designs Inc. ADV increased its position in Norfolk Southern by 317.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 111 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Norfolk Southern in the fourth quarter valued at approximately $34,000. Finally, Orion Capital Management LLC acquired a new position in Norfolk Southern during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

In other news, Director Sameh Fahmy acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of $219.25 per share, with a total value of $438,500.00. Following the acquisition, the director now directly owns 7,000 shares in the company, valued at $1,534,750. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Norfolk Southern news, Director Sameh Fahmy acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $219.25 per share, with a total value of $438,500.00. Following the acquisition, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $1,534,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Claude Mongeau bought 5,650 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were acquired at an average cost of $221.00 per share, for a total transaction of $1,248,650.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $4,420,000. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NSC has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Norfolk Southern from $252.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. TD Cowen upped their target price on Norfolk Southern from $236.00 to $253.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Susquehanna dropped their target price on Norfolk Southern from $265.00 to $245.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. UBS Group decreased their price target on Norfolk Southern from $302.00 to $294.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Royal Bank of Canada upgraded shares of Norfolk Southern from a “sector perform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research note on Thursday, May 23rd. One 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. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of “Moderate Buy” and an average target price of $262.89.

Norfolk Southern Stock Up 2.3 %

Shares of NYSE:NSC opened at $214.69 on Monday. The company’s fifty day moving average is $227.10 and its two-hundred day moving average is $239.01. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.61 and a current ratio of 0.68. Norfolk Southern Co. has a 1-year low of $183.09 and a 1-year high of $263.66. The stock has a market capitalization of $48.50 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.31.

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

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 3rd were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $5.40 dividend on an annualized basis and a yield of 2.52%. Norfolk Southern’s payout ratio is currently 86.96%.

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.