UMB Bank N A MO lowered its holdings in Norfolk Southern Corp. (NYSE:NSC) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 16,289 shares of the railroad operator’s stock after selling 924 shares during the quarter. UMB Bank N A MO’s holdings in Norfolk Southern were worth $2,361,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC increased its position in shares of Norfolk Southern by 0.6% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,090 shares of the railroad operator’s stock worth $255,000 after acquiring an additional 13 shares in the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Norfolk Southern by 0.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,263 shares of the railroad operator’s stock worth $279,000 after acquiring an additional 15 shares in the last quarter. Krilogy Financial LLC increased its position in shares of Norfolk Southern by 2.6% in the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock worth $104,000 after acquiring an additional 22 shares in the last quarter. Simmons Bank increased its position in shares of Norfolk Southern by 0.6% in the second quarter. Simmons Bank now owns 3,926 shares of the railroad operator’s stock worth $478,000 after acquiring an additional 25 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in shares of Norfolk Southern by 0.9% in the second quarter. TCI Wealth Advisors Inc. now owns 2,826 shares of the railroad operator’s stock worth $344,000 after acquiring an additional 26 shares in the last quarter. 72.56% of the stock is owned by institutional investors.

In other Norfolk Southern news, VP Thomas E. Hurlbut sold 2,370 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $134.71, for a total transaction of $319,262.70. Following the transaction, the vice president now directly owns 6,370 shares in the company, valued at approximately $858,102.70. 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 6,175 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $129.61, for a total transaction of $800,341.75. Following the transaction, the vice president now owns 7,568 shares in the company, valued at $980,888.48. The disclosure for this sale can be found here. Insiders have sold a total of 12,113 shares of company stock worth $1,594,148 over the last quarter. 0.36% of the stock is currently owned by insiders.

Shares of Norfolk Southern Corp. (NSC) opened at $151.47 on Tuesday. The firm has a market cap of $43,340.00, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.65 and a beta of 1.37. Norfolk Southern Corp. has a fifty-two week low of $109.27 and a fifty-two week high of $157.15. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.11. Norfolk Southern had a net margin of 17.86% and a return on equity of 14.72%. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the business earned $1.55 EPS. The business’s revenue was up 5.8% on a year-over-year basis. equities analysts anticipate that Norfolk Southern Corp. will post 6.48 earnings per share for the current year.

Norfolk Southern declared that its board has approved a share buyback plan on Tuesday, September 26th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have recently issued reports on the stock. Loop Capital lowered shares of Norfolk Southern from a “hold” rating to a “sell” rating and set a $133.00 price objective for the company. in a research report on Monday, November 27th. Wells Fargo & Co lowered shares of Norfolk Southern from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Robert W. Baird reissued a “hold” rating and issued a $136.00 price objective on shares of Norfolk Southern in a research report on Friday, November 10th. Goldman Sachs Group assumed coverage on shares of Norfolk Southern in a research report on Monday, November 13th. They issued a “neutral” rating and a $126.00 price objective for the company. Finally, Morgan Stanley reissued an “underweight” rating and issued a $75.00 price objective (down previously from $77.00) on shares of Norfolk Southern in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $136.05.

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About Norfolk Southern

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 Southern (NYSE:NSC)

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