Colonial Trust Advisors decreased its stake in shares of Norfolk Souther Corporation (NYSE:NSC) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,660 shares of the railroad operator’s stock after selling 250 shares during the period. Colonial Trust Advisors’ holdings in Norfolk Souther Corporation were worth $1,945,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Norfolk Souther Corporation during the first quarter valued at approximately $125,000. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Norfolk Souther Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock valued at $126,000 after buying an additional 8 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

Shares of Norfolk Souther Corporation (NSC) traded up 1.03% on Monday, hitting $115.79. The stock had a trading volume of 435,522 shares. The stock’s 50-day moving average price is $119.52 and its 200 day moving average price is $118.08. The company has a market cap of $33.37 billion, a PE ratio of 18.82 and a beta of 1.33. Norfolk Souther Corporation has a 52 week low of $87.61 and a 52 week high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts predict that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.13%. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

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Several equities research analysts recently commented on the company. Cowen and Company reissued an “outperform” rating and issued a $130.00 price target on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $124.00 price target (up previously from $122.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. Zacks Investment Research cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Deutsche Bank AG cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $132.00 to $104.00 in a research note on Monday, July 31st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $139.00 price target (up previously from $133.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 13th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $112.17.

In other news, VP Thomas E. Hurlbut sold 1,427 shares of Norfolk Souther Corporation stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $116.92, for a total transaction of $166,844.84. Following the completion of the transaction, the vice president now directly owns 5,102 shares in the company, valued at approximately $596,525.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas E. Hurlbut sold 802 shares of Norfolk Souther Corporation stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total value of $93,465.08. Following the transaction, the vice president now owns 4,300 shares of the company’s stock, valued at $501,122. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 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.

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

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