Farmers National Bank increased its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 30,515 shares of the railroad operator’s stock after buying an additional 778 shares during the period. Norfolk Souther Corporation comprises approximately 1.7% of Farmers National Bank’s portfolio, making the stock its 18th largest position. Farmers National Bank’s holdings in Norfolk Souther Corporation were worth $2,962,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. raised its stake in Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares during the last quarter. MCF Advisors LLC raised its stake in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares during the last quarter. Parallel Advisors LLC raised its stake in Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock worth $114,000 after buying an additional 220 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in Norfolk Souther Corporation during the first quarter worth approximately $125,000. 70.59% of the stock is owned by institutional investors and hedge funds.

Shares of Norfolk Souther Corporation (NSC) traded up 0.65% on Friday, reaching $116.19. The company’s stock had a trading volume of 346,553 shares. Norfolk Souther Corporation has a 12-month low of $87.97 and a 12-month high of $125.31. The company’s 50-day moving average is $118.80 and its 200 day moving average is $118.12. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 18.88 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Norfolk Souther Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be paid a $0.61 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 annualized dividend and a yield of 2.11%. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

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A number of research analysts have issued reports on the company. BidaskClub upgraded Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Monday. Cowen and Company restated an “outperform” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Deutsche Bank AG downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $132.00 to $104.00 in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $112.17.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 802 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total value of $93,465.08. Following the completion of the transaction, the vice president now owns 4,300 shares in the company, valued at $501,122. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

About Norfolk Souther Corporation

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.

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

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