Fort Pitt Capital Group LLC reduced its stake in Norfolk Souther Corporation (NYSE:NSC) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,600 shares of the railroad operator’s stock after selling 23 shares during the period. Fort Pitt Capital Group LLC’s holdings in Norfolk Souther Corporation were worth $1,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Albert D Mason Inc. boosted its position in Norfolk Souther Corporation by 78.5% in the third quarter. Albert D Mason Inc. now owns 44,754 shares of the railroad operator’s stock valued at $4,344,000 after buying an additional 19,682 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Norfolk Souther Corporation by 43.4% in the third quarter. Canada Pension Plan Investment Board now owns 50,074 shares of the railroad operator’s stock valued at $4,860,000 after buying an additional 15,165 shares during the last quarter. California State Teachers Retirement System boosted its position in Norfolk Souther Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 649,585 shares of the railroad operator’s stock valued at $63,049,000 after buying an additional 5,400 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in Norfolk Souther Corporation by 0.3% in the second quarter. Reliance Trust Co. of Delaware now owns 16,353 shares of the railroad operator’s stock valued at $1,392,000 after buying an additional 42 shares during the last quarter. Finally, KCM Investment Advisors LLC boosted its position in Norfolk Souther Corporation by 14.4% in the third quarter. KCM Investment Advisors LLC now owns 4,857 shares of the railroad operator’s stock valued at $471,000 after buying an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

Shares of Norfolk Souther Corporation (NYSE:NSC) opened at 122.93 on Friday. The firm has a market capitalization of $35.72 billion, a price-to-earnings ratio of 21.87 and a beta of 1.24. Norfolk Souther Corporation has a 52 week low of $72.01 and a 52 week high of $123.42. The firm has a 50-day moving average price of $115.77 and a 200-day moving average price of $101.59.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings results on Wednesday, January 25th. The railroad operator reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.06. Norfolk Souther Corporation had a return on equity of 13.53% and a net margin of 16.87%. The company earned $2.49 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts expect that Norfolk Souther Corporation will post $6.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 3rd will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, February 1st. This represents a $2.44 dividend on an annualized basis and a yield of 1.98%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 43.42%.

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Several research analysts have issued reports on NSC shares. Buckingham Research started coverage on Norfolk Souther Corporation in a research report on Wednesday, January 18th. They issued a “neutral” rating and a $104.00 price objective for the company. Aegis assumed coverage on Norfolk Souther Corporation in a research report on Monday, October 24th. They issued a “hold” rating for the company. Deutsche Bank AG assumed coverage on Norfolk Souther Corporation in a research report on Wednesday, November 2nd. They issued a “buy” rating and a $110.00 price target for the company. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Monday, October 31st. Finally, Seaport Global Securities assumed coverage on Norfolk Souther Corporation in a research report on Friday, October 28th. They issued a “buy” rating and a $101.00 price target for the company. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $97.93.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 34,417 shares of the business’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $119.77, for a total transaction of $4,122,124.09. Following the completion of the transaction, the chairman now owns 81,658 shares in the company, valued at approximately $9,780,178.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marta R. Stewart sold 2,607 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $121.97, for a total value of $317,975.79. Following the transaction, the executive vice president now owns 21,094 shares of the company’s stock, valued at approximately $2,572,835.18. The disclosure for this sale can be found here. Insiders have sold a total of 47,162 shares of company stock valued at $5,653,794 in the last quarter. 0.66% of the stock is currently owned by insiders.

About Norfolk Souther Corporation

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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