Traders sold shares of Norfolk Southern Corp. (NYSE:NSC) on strength during trading on Wednesday. $11.38 million flowed into the stock on the tick-up and $24.59 million flowed out of the stock on the tick-down, for a money net flow of $13.21 million out of the stock. Of all companies tracked, Norfolk Southern Corp. had the 0th highest net out-flow for the day. Norfolk Southern Corp. traded up $0.07 for the day and closed at $92.10

A number of research analysts have recently issued reports on NSC shares. Zacks Investment Research lowered Norfolk Southern Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Argus reissued a “buy” rating on shares of Norfolk Southern Corp. in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. started coverage on Norfolk Southern Corp. in a report on Wednesday, June 15th. They issued a “market perform” rating on the stock. Credit Agricole SA started coverage on Norfolk Southern Corp. in a report on Thursday, May 19th. They issued an “outperform” rating and a $98.00 target price on the stock. Finally, Deutsche Bank AG dropped their target price on Norfolk Southern Corp. from $90.00 to $89.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. Norfolk Southern Corp. has an average rating of “Hold” and an average price target of $88.88.

The firm has a 50-day moving average of $89.73 and a 200-day moving average of $84.24. The firm has a market cap of $27.04 billion and a PE ratio of 17.25.

Norfolk Southern Corp. (NYSE:NSC) last announced its earnings results on Wednesday, July 27th. The railroad operator reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. During the same period in the previous year, the firm earned $1.41 EPS. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.51 billion. The firm’s revenue was down 9.5% on a year-over-year basis. Analysts predict that Norfolk Southern Corp. will post $5.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Monday, August 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, August 4th.

In other news, VP Thomas E. Hurlbut sold 528 shares of Norfolk Southern Corp. stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $88.35, for a total transaction of $46,648.80. Following the transaction, the vice president now directly owns 11,580 shares in the company, valued at approximately $1,023,093. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Marta R. Stewart sold 3,064 shares of Norfolk Southern Corp. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $91.56, for a total value of $280,539.84. Following the transaction, the executive vice president now owns 10,766 shares in the company, valued at $985,734.96. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Norfolk Southern Corp. by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,407,092 shares of the railroad operator’s stock valued at $288,210,000 after buying an additional 19,654 shares during the period. KBC Group NV boosted its position in shares of Norfolk Southern Corp. by 7.5% in the fourth quarter. KBC Group NV now owns 27,419 shares of the railroad operator’s stock valued at $2,319,000 after buying an additional 1,903 shares during the period. Calvert Investment Management Inc. boosted its position in shares of Norfolk Southern Corp. by 33.9% in the fourth quarter. Calvert Investment Management Inc. now owns 19,913 shares of the railroad operator’s stock valued at $1,684,000 after buying an additional 5,042 shares during the period. Jennison Associates LLC purchased a new position in shares of Norfolk Southern Corp. during the fourth quarter valued at about $43,886,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Norfolk Southern Corp. by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 825,331 shares of the railroad operator’s stock valued at $69,815,000 after buying an additional 25,361 shares during the period.

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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