TCI Wealth Advisors Inc. Acquires Shares of 964 Norfolk Southern Co. (NYSE:NSC)

TCI Wealth Advisors Inc. acquired a new stake in shares of Norfolk Southern Co. (NYSE:NSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 964 shares of the railroad operator’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently bought and sold shares of NSC. NTV Asset Management LLC bought a new position in Norfolk Southern during the 4th quarter worth approximately $222,000. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Norfolk Southern by 2.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 12,600 shares of the railroad operator’s stock worth $2,978,000 after purchasing an additional 346 shares during the last quarter. AJOVista LLC bought a new stake in shares of Norfolk Southern in the 4th quarter worth approximately $192,000. Legacy Financial Advisors Inc. bought a new stake in shares of Norfolk Southern in the 4th quarter worth approximately $270,000. Finally, Sapient Capital LLC bought a new stake in shares of Norfolk Southern in the 4th quarter worth approximately $789,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Down 2.6 %

Shares of NYSE:NSC traded down $6.14 on Monday, reaching $229.41. The company had a trading volume of 1,237,038 shares, compared to its average volume of 1,322,315. Norfolk Southern Co. has a twelve month low of $183.09 and a twelve month high of $263.66. The stock has a 50-day moving average price of $249.71 and a 200 day moving average price of $233.98. The stock has a market capitalization of $51.83 billion, a P/E ratio of 37.29, a P/E/G ratio of 3.30 and a beta of 1.30. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.37.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.05 billion. Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.32 earnings per share. On average, equities analysts expect that Norfolk Southern Co. will post 11.62 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 3rd will be paid a $1.35 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.35%. Norfolk Southern’s payout ratio is presently 86.96%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Loop Capital raised their price target on Norfolk Southern from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets cut their price target on Norfolk Southern from $250.00 to $245.00 and set a “market perform” rating on the stock in a report on Monday, January 29th. TD Cowen raised their price target on Norfolk Southern from $236.00 to $253.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Benchmark reiterated a “buy” rating and set a $277.00 price target on shares of Norfolk Southern in a research report on Thursday, April 25th. Finally, Stifel Nicolaus lifted their price target on Norfolk Southern from $233.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $262.32.

About Norfolk Southern

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 agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.