Hartland & Co. LLC raised its stake in Norfolk Souther Corporation (NYSE:NSC) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,284 shares of the railroad operator’s stock after buying an additional 3 shares during the period. Hartland & Co. LLC’s holdings in Norfolk Souther Corporation were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in NSC. BlackRock Inc. boosted its position in Norfolk Souther Corporation by 3,039.1% in the 1st quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock valued at $2,189,172,000 after buying an additional 18,928,598 shares during the period. Alliancebernstein L.P. boosted its position in Norfolk Souther Corporation by 936.1% in the 1st quarter. Alliancebernstein L.P. now owns 5,378,457 shares of the railroad operator’s stock valued at $602,226,000 after buying an additional 4,859,355 shares during the period. JPMorgan Chase & Co. boosted its position in Norfolk Souther Corporation by 31.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,209,269 shares of the railroad operator’s stock valued at $471,313,000 after buying an additional 1,016,319 shares during the period. Investec Asset Management LTD purchased a new stake in Norfolk Souther Corporation in the 1st quarter valued at about $92,710,000. Finally, Ameriprise Financial Inc. boosted its position in Norfolk Souther Corporation by 36.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,863,015 shares of the railroad operator’s stock valued at $208,626,000 after buying an additional 492,922 shares during the period. 70.64% of the stock is owned by institutional investors.

Several research firms have issued reports on NSC. Stifel Nicolaus reissued a “hold” rating and issued a $124.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “sell” rating and issued a $117.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, August 29th. UBS AG reissued a “buy” rating and issued a $133.00 price objective on shares of Norfolk Souther Corporation in a research report on Monday, August 14th. Finally, BidaskClub raised shares of Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.88.

Shares of Norfolk Souther Corporation (NYSE:NSC) opened at 126.58 on Wednesday. Norfolk Souther Corporation has a 52-week low of $89.92 and a 52-week high of $126.98. The company’s 50-day moving average is $118.15 and its 200-day moving average is $118.04. The stock has a market cap of $36.48 billion, a PE ratio of 20.57 and a beta of 1.32.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Norfolk Souther Corporation will post $6.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 7th were paid a $0.61 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 1.93%. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

In related news, Chairman James A. Squires sold 24,407 shares of Norfolk Souther Corporation 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 transaction, the chairman now owns 76,481 shares in the company, valued at $9,173,895.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $475,200. The disclosure for this sale can be found here. Insiders sold 27,077 shares of company stock valued at $3,244,531 in the last quarter. 0.36% of the stock is owned by insiders.

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Norfolk Souther Corporation 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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