TFG Advisers LLC Has $1.43 Million Stake in Norfolk Southern Co. (NYSE:NSC)

TFG Advisers LLC lessened its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,746 shares of the railroad operator’s stock after selling 64 shares during the quarter. TFG Advisers LLC’s holdings in Norfolk Southern were worth $1,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in shares of Norfolk Southern by 4.5% during the 1st quarter. Park Avenue Securities LLC now owns 4,772 shares of the railroad operator’s stock valued at $1,216,000 after acquiring an additional 207 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Norfolk Southern by 72.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,900 shares of the railroad operator’s stock valued at $739,000 after buying an additional 1,221 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Norfolk Southern by 6.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,527 shares of the railroad operator’s stock worth $10,584,000 after buying an additional 2,483 shares during the period. Sunburst Financial Group LLC lifted its holdings in shares of Norfolk Southern by 16.4% during the first quarter. Sunburst Financial Group LLC now owns 1,063 shares of the railroad operator’s stock worth $268,000 after buying an additional 150 shares during the last quarter. Finally, Indiana Trust & Investment Management CO boosted its position in shares of Norfolk Southern by 3.0% in the first quarter. Indiana Trust & Investment Management CO now owns 1,477 shares of the railroad operator’s stock valued at $376,000 after acquiring an additional 43 shares during the period. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Price Performance

Shares of NYSE:NSC traded down $3.27 during trading on Wednesday, reaching $257.16. The stock had a trading volume of 135,510 shares, compared to its average volume of 1,252,937. The stock has a market capitalization of $58.10 billion, a PE ratio of 41.94, a P/E/G ratio of 2.33 and a beta of 1.31. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.54. Norfolk Southern Co. has a 52 week low of $183.09 and a 52 week high of $263.66. The business’s 50-day moving average price is $248.46 and its 200 day moving average price is $236.73.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.15. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 14.85% and a return on equity of 19.64%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 earnings per share. As a group, equities analysts predict that Norfolk Southern Co. will post 11.79 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st will be given a $1.35 dividend. The ex-dividend date is Friday, November 1st. This represents a $5.40 annualized dividend and a dividend yield of 2.10%. Norfolk Southern’s dividend payout ratio is currently 86.96%.

Insiders Place Their Bets

In other news, Director Sameh Fahmy bought 700 shares of the stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $245.15 per share, with a total value of $171,605.00. Following the completion of the purchase, the director now owns 7,700 shares of the company’s stock, valued at approximately $1,887,655. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Norfolk Southern news, Director Sameh Fahmy bought 700 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $245.15 per share, with a total value of $171,605.00. Following the completion of the purchase, the director now owns 7,700 shares in the company, valued at approximately $1,887,655. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alan H. Shaw sold 51,325 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $255.98, for a total value of $13,138,173.50. Following the sale, the chief executive officer now directly owns 35,045 shares in the company, valued at approximately $8,970,819.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

NSC has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Norfolk Southern from $267.00 to $272.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Citigroup boosted their price objective on shares of Norfolk Southern from $294.00 to $302.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company boosted their price target on Norfolk Southern from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Barclays raised their price objective on Norfolk Southern from $275.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley restated an “underweight” rating and set a $175.00 price objective on shares of Norfolk Southern in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $268.56.

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.