Bellwether Investment Group LLC maintained its stake in Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,827 shares of the railroad operator’s stock at the close of the second quarter. Bellwether Investment Group LLC’s holdings in Norfolk Souther Corporation were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. D Orazio & Associates Inc. lifted its position in shares of Norfolk Souther Corporation by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after purchasing an additional 4 shares in the last quarter. QCI Asset Management Inc. NY lifted its position in shares of Norfolk Souther Corporation by 0.5% during the second quarter. QCI Asset Management Inc. NY now owns 1,099 shares of the railroad operator’s stock worth $134,000 after purchasing an additional 5 shares in the last quarter. Lee Danner & Bass Inc. lifted its position in shares of Norfolk Souther Corporation by 0.3% during the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after purchasing an additional 7 shares in the last quarter. Alexandria Capital LLC lifted its position in shares of Norfolk Souther Corporation by 0.4% during the second quarter. Alexandria Capital LLC now owns 1,865 shares of the railroad operator’s stock worth $227,000 after purchasing an additional 7 shares in the last quarter. Finally, Guardian Life Insurance Co. of America lifted its position in shares of Norfolk Souther Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock worth $126,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 70.60% of the company’s stock.

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A number of equities analysts have recently issued reports on NSC shares. Credit Suisse Group reiterated an “outperform” rating and set a $133.00 target price on shares of Norfolk Souther Corporation in a research report on Sunday, May 28th. ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Tuesday, June 13th. Scotiabank lowered shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Finally, Cowen and Company reiterated a “buy” rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $115.00.

In other news, VP Thomas E. Hurlbut sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total value of $35,640.00. Following the transaction, the vice president now owns 4,000 shares in the company, valued at approximately $475,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $2,927,619.65. Following the completion of the transaction, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. Insiders sold a total of 27,077 shares of company stock worth $3,244,531 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Shares of Norfolk Souther Corporation (NYSE:NSC) opened at 130.99 on Friday. The firm has a 50-day moving average of $120.17 and a 200 day moving average of $118.29. The company has a market cap of $37.75 billion, a P/E ratio of 21.29 and a beta of 1.32. Norfolk Souther Corporation has a 52 week low of $89.95 and a 52 week high of $131.15.

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 the Zacks’ consensus estimate of $1.65 by $0.06. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. Equities analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 7th were given a $0.61 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.86%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is currently 39.61%.

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.

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

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