Trust Co. of Oklahoma Sells 80 Shares of Norfolk Southern Co. (NYSE:NSC)

Trust Co. of Oklahoma lowered its position in shares of Norfolk Southern Co. (NYSE:NSC) by 2.8% during the first quarter, Holdings Channel.com reports. The firm owned 2,787 shares of the railroad operator’s stock after selling 80 shares during the quarter. Trust Co. of Oklahoma’s holdings in Norfolk Southern were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL lifted its stake in Norfolk Southern by 16.9% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 304 shares of the railroad operator’s stock valued at $71,000 after purchasing an additional 44 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Norfolk Southern by 1.5% in the fourth quarter. CoreCap Advisors LLC now owns 3,097 shares of the railroad operator’s stock valued at $727,000 after purchasing an additional 45 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in Norfolk Southern by 0.9% in the fourth quarter. Leavell Investment Management Inc. now owns 5,816 shares of the railroad operator’s stock valued at $1,365,000 after purchasing an additional 50 shares during the last quarter. Shayne & Jacobs LLC lifted its stake in Norfolk Southern by 1.5% in the fourth quarter. Shayne & Jacobs LLC now owns 3,327 shares of the railroad operator’s stock valued at $781,000 after purchasing an additional 50 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in Norfolk Southern by 2.1% in the fourth quarter. Malaga Cove Capital LLC now owns 2,451 shares of the railroad operator’s stock valued at $575,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Down 0.1%

NYSE NSC opened at $250.56 on Tuesday. The stock’s 50-day simple moving average is $229.66 and its two-hundred day simple moving average is $240.32. Norfolk Southern Co. has a twelve month low of $201.63 and a twelve month high of $277.60. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $56.49 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.31 and a beta of 1.32.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.03). Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the business earned $2.49 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts forecast that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.40 dividend on an annualized basis and a yield of 2.16%. Norfolk Southern’s payout ratio is 36.89%.

Analysts Set New Price Targets

Several equities analysts recently commented on NSC shares. Barclays dropped their price objective on Norfolk Southern from $305.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Susquehanna lowered their target price on shares of Norfolk Southern from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Norfolk Southern in a report on Friday, March 7th. They set a “buy” rating and a $293.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Norfolk Southern from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $255.00 target price on shares of Norfolk Southern in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Norfolk Southern presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.24.

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 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.