TCV Trust & Wealth Management Inc. Sells 2,416 Shares of Norfolk Southern Co. (NYSE:NSC)

TCV Trust & Wealth Management Inc. lessened its position in Norfolk Southern Co. (NYSE:NSC) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,740 shares of the railroad operator’s stock after selling 2,416 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Norfolk Southern were worth $4,398,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NSC. Highline Wealth Partners LLC purchased a new position in shares of Norfolk Southern during the third quarter valued at approximately $25,000. Financial Life Planners bought a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. purchased a new position in Norfolk Southern during the 4th quarter valued at $27,000. Morse Asset Management Inc purchased a new stake in Norfolk Southern in the third quarter worth $30,000. Finally, Coastline Trust Co bought a new stake in shares of Norfolk Southern during the third quarter worth $32,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Stock Up 1.2 %

NYSE:NSC opened at $256.53 on Wednesday. The company’s 50 day moving average is $246.13 and its two-hundred day moving average is $250.24. The company has a market cap of $58.04 billion, a PE ratio of 22.19, a P/E/G ratio of 2.32 and a beta of 1.35. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Analysts anticipate that Norfolk Southern Co. will post 13.02 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Friday, February 7th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, February 7th. Norfolk Southern’s payout ratio is 46.71%.

Insider Buying and Selling

In other Norfolk Southern news, Director Gilbert H. Lamphere purchased 607 shares of the stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $259.86 per share, with a total value of $157,735.02. Following the completion of the acquisition, the director now owns 2,487 shares in the company, valued at $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameh Fahmy purchased 350 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the acquisition, the director now owns 10,350 shares of the company’s stock, valued at $2,580,979.50. The trade was a 3.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NSC shares. Susquehanna reduced their price target on shares of Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird increased their target price on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Benchmark reaffirmed a “buy” rating and issued a $285.00 price target on shares of Norfolk Southern in a research report on Thursday, January 30th. Finally, Stephens lifted their price objective on shares of Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Norfolk Southern presently has an average rating of “Moderate Buy” and a consensus target price of $276.11.

Norfolk Southern 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 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.