Atria Wealth Solutions Inc. Sells 903 Shares of Norfolk Southern Co. (NYSE:NSC)

Atria Wealth Solutions Inc. decreased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,361 shares of the railroad operator’s stock after selling 903 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Norfolk Southern were worth $1,963,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NSC. Highline Wealth Partners LLC bought a new position in Norfolk Southern during the 3rd quarter worth approximately $25,000. Financial Life Planners bought a new stake in shares of Norfolk Southern in the 4th quarter valued at $27,000. Keystone Financial Group Inc. bought a new stake in shares of Norfolk Southern in the 4th quarter valued at $27,000. Morse Asset Management Inc bought a new stake in shares of Norfolk Southern in the 3rd quarter valued at $30,000. Finally, Coastline Trust Co bought a new stake in shares of Norfolk Southern in the 3rd quarter valued at $32,000. Institutional investors own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NSC. Robert W. Baird lifted their price objective on shares of Norfolk Southern from $260.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. 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 research note on Thursday, January 30th. Loop Capital lowered shares of Norfolk Southern from a “buy” rating to a “hold” rating and lowered their price objective for the company from $289.00 to $256.00 in a research note on Monday, February 3rd. Wells Fargo & Company reduced 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 report on Tuesday, January 7th. Finally, Susquehanna reduced their price target on shares of Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.11.

Insider Activity at Norfolk Southern

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

Norfolk Southern Price Performance

NSC opened at $247.84 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market capitalization of $56.12 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.31 and a beta of 1.35. The firm’s fifty day moving average price is $245.46 and its two-hundred day moving average price is $250.71. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. As a group, analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a dividend of $1.35 per share. The ex-dividend date was Friday, February 7th. This represents a $5.40 annualized dividend and a yield of 2.18%. Norfolk Southern’s payout ratio is currently 46.71%.

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.