CWA Asset Management Group LLC Has $273,000 Stock Position in Norfolk Southern Co. (NYSE:NSC)

CWA Asset Management Group LLC cut its holdings in Norfolk Southern Co. (NYSE:NSCFree Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,162 shares of the railroad operator’s stock after selling 86 shares during the quarter. CWA Asset Management Group LLC’s holdings in Norfolk Southern were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp grew its stake in Norfolk Southern by 2.1% in the third quarter. State Street Corp now owns 9,330,849 shares of the railroad operator’s stock valued at $2,318,716,000 after acquiring an additional 196,249 shares during the period. Geode Capital Management LLC grew its position in Norfolk Southern by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,580,925 shares of the railroad operator’s stock valued at $1,133,828,000 after purchasing an additional 62,186 shares during the period. EdgePoint Investment Group Inc. increased its stake in Norfolk Southern by 2.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,892,717 shares of the railroad operator’s stock valued at $967,340,000 after purchasing an additional 103,281 shares in the last quarter. American Century Companies Inc. raised its holdings in Norfolk Southern by 17.3% during the second quarter. American Century Companies Inc. now owns 3,356,590 shares of the railroad operator’s stock worth $720,626,000 after buying an additional 496,088 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Norfolk Southern by 18,831.2% in the third quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock valued at $819,553,000 after buying an additional 3,280,579 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy purchased 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $255.00 per share, with a total value of $255,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. This represents a 11.11 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NSC shares. UBS Group upped their target price on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group increased their price objective on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price target on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday. Sanford C. Bernstein increased their price target on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and a consensus price target of $275.68.

Read Our Latest Report on NSC

Norfolk Southern Stock Performance

NYSE NSC opened at $236.94 on Friday. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60. The company has a fifty day moving average of $253.60 and a 200-day moving average of $245.30. The company has a market capitalization of $53.61 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.34 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73.

Norfolk Southern (NYSE:NSCGet Free Report) last issued its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.14. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. Norfolk Southern’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 earnings per share. As a group, equities research analysts predict that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.40 annualized dividend and a dividend yield of 2.28%. Norfolk Southern’s dividend payout ratio is currently 50.70%.

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.

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

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