HM Payson & Co. reduced its holdings in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,034 shares of the railroad operator’s stock after selling 21 shares during the quarter. HM Payson & Co.’s holdings in Norfolk Souther Corporation were worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NSC. D Orazio & Associates Inc. boosted its stake in shares of Norfolk Souther Corporation by 0.5% during the 1st quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after purchasing an additional 4 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 12,069.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock worth $102,000 after purchasing an additional 12,311 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 31.4% during the 1st quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after purchasing an additional 227 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Norfolk Souther Corporation by 35.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after purchasing an additional 250 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 29.2% during the 1st quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock worth $114,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

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Norfolk Souther Corporation (NYSE:NSC) opened at 126.97 on Friday. The stock has a market cap of $36.59 billion, a price-to-earnings ratio of 20.63 and a beta of 1.32. Norfolk Souther Corporation has a 12-month low of $89.95 and a 12-month high of $127.94. The company has a 50-day moving average of $118.93 and a 200 day moving average of $118.22.

Norfolk Souther Corporation (NYSE:NSC) last announced 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. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. Equities analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share 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 annualized dividend and a dividend yield of 1.92%. Norfolk Souther Corporation’s payout ratio is 39.61%.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $124.00 price target on shares of Norfolk Souther Corporation in a research note on Tuesday. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $139.00 price target (up 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. Cowen and Company reaffirmed a “buy” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a research note on Tuesday, July 11th. Finally, Scotiabank cut shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $115.00.

In related news, Chairman James A. Squires sold 24,407 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was 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 owns 76,481 shares of the company’s stock, valued at approximately $9,173,895.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the completion of the sale, the chief operating officer now directly owns 13,492 shares of the company’s stock, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. In the last three months, insiders sold 27,077 shares of company stock valued at $3,244,531. 0.36% of the stock is currently owned by company insiders.

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.

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

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