Northwestern Mutual Wealth Management Co. increased its stake in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,187 shares of the railroad operator’s stock after buying an additional 22 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Norfolk Souther Corporation were worth $2,933,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Good Life Advisors LLC acquired a new stake in shares of Norfolk Souther Corporation during the fourth quarter valued at approximately $221,000. Asset Management One Co. Ltd. boosted its stake in shares of Norfolk Souther Corporation by 861.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 539,657 shares of the railroad operator’s stock valued at $58,351,000 after buying an additional 483,527 shares in the last quarter. Aviva PLC boosted its stake in shares of Norfolk Souther Corporation by 5.9% in the fourth quarter. Aviva PLC now owns 192,801 shares of the railroad operator’s stock valued at $20,838,000 after buying an additional 10,668 shares in the last quarter. Elkfork Partners LLC acquired a new stake in shares of Norfolk Souther Corporation during the fourth quarter valued at approximately $1,443,000. Finally, Trexquant Investment LP acquired a new stake in shares of Norfolk Souther Corporation during the fourth quarter valued at approximately $1,448,000. Hedge funds and other institutional investors own 70.18% of the company’s stock.
Norfolk Souther Corporation (NSC) opened at 119.29 on Monday. The firm has a market capitalization of $34.57 billion, a P/E ratio of 20.52 and a beta of 1.37. The company’s 50-day moving average is $118.38 and its 200-day moving average is $115.89. Norfolk Souther Corporation has a one year low of $78.73 and a one year high of $125.31.
Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, April 26th. The railroad operator reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. Norfolk Souther Corporation had a return on equity of 13.82% and a net margin of 17.07%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the business earned $1.29 EPS. Norfolk Souther Corporation’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Norfolk Souther Corporation will post $6.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Friday, May 5th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, May 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 42.00%.
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A number of research analysts recently issued reports on the stock. Royal Bank Of Canada cut shares of Norfolk Souther Corporation from a “sector perform” rating to an “underperform” rating and set a $113.00 price objective for the company. in a report on Thursday, March 23rd. They noted that the move was a valuation call. Loop Capital restated a “hold” rating on shares of Norfolk Souther Corporation in a report on Saturday, March 25th. Deutsche Bank AG boosted their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the company a “buy” rating in a report on Friday, April 28th. Credit Suisse Group restated an “outperform” rating and set a $136.00 price objective (up previously from $128.00) on shares of Norfolk Souther Corporation in a report on Monday, March 6th. Finally, Wells Fargo & Company assumed coverage on shares of Norfolk Souther Corporation in a report on Monday, March 13th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $108.31.
In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 1,427 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $116.92, for a total transaction of $166,844.84. Following the transaction, the vice president now directly owns 5,102 shares in the company, valued at approximately $596,525.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas E. Hurlbut sold 802 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total value of $93,465.08. Following the transaction, the vice president now owns 4,300 shares in the company, valued at $501,122. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,800 shares of company stock worth $327,494. Company insiders own 0.36% of the company’s stock.
About Norfolk Souther Corporation
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.
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