Baldwin Wealth Partners LLC MA Sells 128 Shares of Norfolk Southern Corporation $NSC

Baldwin Wealth Partners LLC MA reduced its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,328 shares of the railroad operator’s stock after selling 128 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Norfolk Southern were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Norfolk Southern during the first quarter valued at about $27,000. HWG Holdings LP bought a new position in shares of Norfolk Southern during the first quarter valued at about $35,000. Physician Wealth Advisors Inc. grew its stake in shares of Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after buying an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Norfolk Southern during the first quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after buying an additional 159 shares during the last quarter. 75.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup raised their target price on Norfolk Southern from $288.00 to $305.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein raised their target price on Norfolk Southern from $295.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada cut Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on Norfolk Southern from $288.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, Norfolk Southern presently has an average rating of “Hold” and a consensus price target of $293.25.

Norfolk Southern Stock Performance

Shares of NSC opened at $288.34 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The company has a 50-day simple moving average of $284.20 and a two-hundred day simple moving average of $257.90. The firm has a market capitalization of $64.77 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $1.35 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is 36.49%.

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.