Norfolk Southern Corp. (NYSE:NSC) Shares Bought by Whitnell & Co.

Whitnell & Co. boosted its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,683 shares of the railroad operator’s stock after buying an additional 549 shares during the period. Whitnell & Co.’s holdings in Norfolk Southern were worth $841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new stake in Norfolk Southern during the second quarter worth $26,000. Prestige Wealth Management Group LLC purchased a new position in Norfolk Southern during the second quarter worth about $35,000. Vigilant Capital Management LLC purchased a new position in Norfolk Southern during the third quarter worth about $36,000. AGF Investments LLC lifted its position in Norfolk Southern by 173.5% during the second quarter. AGF Investments LLC now owns 186 shares of the railroad operator’s stock worth $37,000 after buying an additional 118 shares during the period. Finally, Larson Financial Group LLC lifted its position in Norfolk Southern by 7,100.0% during the third quarter. Larson Financial Group LLC now owns 216 shares of the railroad operator’s stock worth $39,000 after buying an additional 213 shares during the period. 72.95% of the stock is currently owned by institutional investors.

NYSE:NSC traded down $0.14 on Friday, hitting $195.44. 888,465 shares of the stock were exchanged, compared to its average volume of 1,670,462. The stock has a market cap of $50.53 billion, a PE ratio of 20.55, a PEG ratio of 1.94 and a beta of 1.37. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average of $181.90 and a 200-day moving average of $189.20. Norfolk Southern Corp. has a fifty-two week low of $138.65 and a fifty-two week high of $211.46.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, October 23rd. The railroad operator reported $2.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.08). Norfolk Southern had a return on equity of 18.22% and a net margin of 23.98%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company earned $2.52 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. As a group, analysts predict that Norfolk Southern Corp. will post 10.23 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 1st will be paid a $0.94 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.92%. Norfolk Southern’s dividend payout ratio (DPR) is currently 39.54%.

Several equities analysts recently weighed in on the company. Barclays reduced their target price on Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Co assumed coverage on Norfolk Southern in a research report on Monday, October 28th. They set a “market perform” rating and a $216.00 target price on the stock. UBS Group reduced their target price on Norfolk Southern from $230.00 to $216.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. BMO Capital Markets reduced their target price on Norfolk Southern from $200.00 to $195.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Finally, TD Securities dropped their price target on Norfolk Southern from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Norfolk Southern has an average rating of “Hold” and an average price target of $204.29.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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

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