US Bancorp DE Sells 1,833 Shares of Norfolk Southern Corporation $NSC

US Bancorp DE trimmed its holdings in Norfolk Southern Corporation (NYSE:NSC) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,054 shares of the railroad operator’s stock after selling 1,833 shares during the quarter. US Bancorp DE’s holdings in Norfolk Southern were worth $51,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. ORG Partners LLC grew its position in Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Norfolk Southern during the 3rd quarter valued at about $25,000. Westside Investment Management Inc. grew its position in Norfolk Southern by 207.1% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. BNP Paribas purchased a new stake in Norfolk Southern during the 2nd quarter valued at about $26,000. Finally, GoalVest Advisory LLC grew its position in Norfolk Southern by 933.3% during the 4th quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 84 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Performance

Shares of NYSE NSC opened at $315.59 on Friday. The firm’s 50-day moving average price is $299.64 and its 200-day moving average price is $294.35. Norfolk Southern Corporation has a 52-week low of $218.05 and a 52-week high of $323.37. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.04. The company has a market cap of $70.88 billion, a PE ratio of 26.59, a PEG ratio of 5.77 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the business earned $2.69 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Norfolk Southern Corporation will post 12.1 EPS for the current year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 8th. Norfolk Southern’s dividend payout ratio is 45.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NSC. JPMorgan Chase & Co. cut their price objective on shares of Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Argus raised shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, February 25th. Susquehanna increased their price objective on shares of Norfolk Southern from $305.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Barclays increased their price objective on shares of Norfolk Southern from $320.00 to $360.00 and gave the company an “overweight” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $320.67.

Norfolk Southern Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.