First Command Advisory Services Inc. Decreases Position in CSX Co. (NASDAQ:CSX)

First Command Advisory Services Inc. reduced its stake in shares of CSX Co. (NASDAQ:CSX) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,082 shares of the transportation company’s stock after selling 441 shares during the quarter. First Command Advisory Services Inc.’s holdings in CSX were worth $616,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Valley Wealth Managers Inc. increased its stake in CSX by 177.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 750 shares of the transportation company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Sierra Ocean LLC bought a new stake in shares of CSX in the fourth quarter worth about $33,000. Addison Advisors LLC lifted its holdings in CSX by 348.5% in the 3rd quarter. Addison Advisors LLC now owns 1,045 shares of the transportation company’s stock worth $36,000 after buying an additional 812 shares during the period. Center for Financial Planning Inc. increased its stake in shares of CSX by 205.7% during the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after buying an additional 720 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in CSX by 43.4% in the third quarter. Fortitude Family Office LLC now owns 1,110 shares of the transportation company’s stock worth $38,000 after acquiring an additional 336 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of CSX from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Citigroup decreased their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $34.00 in a research report on Monday, February 3rd. Susquehanna lowered their target price on CSX from $40.00 to $39.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $37.16.

CSX Trading Down 0.3 %

Shares of CSX stock opened at $31.98 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a fifty day simple moving average of $32.59 and a two-hundred day simple moving average of $33.72. The firm has a market capitalization of $61.67 billion, a PE ratio of 17.87, a PEG ratio of 1.92 and a beta of 1.23. CSX Co. has a 52-week low of $31.43 and a 52-week high of $38.61.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. On average, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. This is a boost from CSX’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX’s dividend payout ratio is currently 29.05%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.