Country Club Trust Company n.a. reduced its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,370 shares of the railroad operator’s stock after selling 100 shares during the period. Country Club Trust Company n.a.’s holdings in Norfolk Souther Corporation were worth $410,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. 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 in the last quarter. Lee Danner & Bass Inc. raised its stake in Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after buying an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in 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 worth $126,000 after buying an additional 8 shares in the last quarter. Signaturefd LLC raised its stake in Norfolk Souther Corporation by 0.8% in the first quarter. Signaturefd LLC now owns 2,351 shares of the railroad operator’s stock worth $263,000 after buying an additional 18 shares in the last quarter. Finally, Brown Advisory Securities LLC raised its stake in Norfolk Souther Corporation by 0.9% in the first quarter. Brown Advisory Securities LLC now owns 2,174 shares of the railroad operator’s stock worth $243,000 after buying an additional 19 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.96% during trading on Friday, reaching $118.63. 1,448,245 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $118.72 and a 200 day moving average price of $118.14. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 19.28 and a beta of 1.33. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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A number of research firms have recently commented on NSC. Scotiabank lowered shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Tuesday, June 27th. UBS AG reissued a “buy” rating and set a $138.00 target price (up from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Stifel Nicolaus increased their target price on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, August 7th. Four investment 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 has an average rating of “Hold” and a consensus target price of $112.35.

In related news, Chairman James A. Squires sold 24,407 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Hurlbut sold 802 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the sale, the vice president now directly owns 4,300 shares of the company’s stock, valued at $501,122. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

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.

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

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