Park National Corp OH boosted its position in shares of Norfolk Southern Co. (NYSE:NSC) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,905 shares of the railroad operator’s stock after buying an additional 66 shares during the quarter. Park National Corp OH’s holdings in Norfolk Southern were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of NSC. Clear Perspectives Financial Planning LLC bought a new stake in Norfolk Southern during the 4th quarter valued at $30,000. Vantage Consulting Group Inc bought a new stake in Norfolk Southern during the 4th quarter valued at $31,000. Norway Savings Bank raised its holdings in Norfolk Southern by 416.7% in the 4th quarter. Norway Savings Bank now owns 155 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Orion Capital Management LLC bought a new position in Norfolk Southern in the 4th quarter worth $38,000. Finally, Advisory Alpha LLC bought a new position in Norfolk Southern in the 3rd quarter worth $41,000. Institutional investors own 67.25% of the company’s stock.
Shares of NSC stock opened at $271.48 on Thursday. Norfolk Southern Co. has a one year low of $147.37 and a one year high of $276.15. The company’s 50-day moving average is $261.21 and its 200 day moving average is $240.01. The company has a market capitalization of $73.91 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 3.09 and a beta of 1.38. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.29.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Friday, February 5th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.46%. This is an increase from Norfolk Southern’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, February 4th. Norfolk Southern’s dividend payout ratio is 38.30%.
Several brokerages have commented on NSC. Credit Suisse Group decreased their price objective on shares of Norfolk Southern from $283.00 to $271.00 and set an “outperform” rating for the company in a report on Thursday, January 28th. Cowen upped their price objective on shares of Norfolk Southern from $224.00 to $254.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Norfolk Southern from $250.00 to $290.00 in a report on Monday, January 11th. Vertical Research assumed coverage on shares of Norfolk Southern in a report on Friday, March 26th. They issued a “hold” rating and a $240.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Norfolk Southern from $145.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $238.57.
In other news, EVP Ann A. Adams sold 1,417 shares of the firm’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $239.00, for a total transaction of $338,663.00. Following the sale, the executive vice president now owns 8,710 shares of the company’s stock, valued at approximately $2,081,690. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann A. Adams sold 227 shares of the firm’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $239.10, for a total transaction of $54,275.70. Following the sale, the executive vice president now directly owns 7,782 shares in the company, valued at approximately $1,860,676.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,147 shares of company stock worth $1,030,541 over the last three months. 0.32% of the stock is currently owned by insiders.
Norfolk Southern Company Profile
Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports industrial products, including agriculture, forest and consumer products, chemicals, and metals and construction materials; and coal, automobiles, and automotive parts.
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