Calamos Wealth Management LLC Purchases 805 Shares of Norfolk Southern Co. (NYSE:NSC)

Calamos Wealth Management LLC grew its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,673 shares of the railroad operator’s stock after purchasing an additional 805 shares during the period. Calamos Wealth Management LLC’s holdings in Norfolk Southern were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC lifted its position in Norfolk Southern by 18,831.2% during the third quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock valued at $819,553,000 after purchasing an additional 3,280,579 shares during the period. Pathway Financial Advisers LLC increased its holdings in Norfolk Southern by 25,181.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock worth $222,025,000 after acquiring an additional 889,925 shares in the last quarter. FMR LLC boosted its position in shares of Norfolk Southern by 48.4% during the 3rd quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock valued at $671,532,000 after acquiring an additional 881,415 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Norfolk Southern in the third quarter valued at approximately $207,830,000. Finally, Holocene Advisors LP acquired a new stake in shares of Norfolk Southern during the third quarter worth $122,798,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NSC. TD Cowen boosted their price target on Norfolk Southern from $253.00 to $259.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Loop Capital lowered Norfolk Southern from a “buy” rating to a “hold” rating and decreased their price target for the company from $289.00 to $256.00 in a research note on Monday. Citigroup lifted their price objective on Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group increased their target price on Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their price objective on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.11.

Insiders Place Their Bets

In other Norfolk Southern news, Director Sameh Fahmy purchased 350 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gilbert H. Lamphere acquired 607 shares of the 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 transaction, the director now directly owns 2,487 shares in the company, valued at $646,271.82. The trade was a 32.29 % increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.

Norfolk Southern Price Performance

NYSE:NSC opened at $250.13 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. The firm has a market cap of $56.59 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.35 and a beta of 1.35. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The firm’s 50-day simple moving average is $248.95 and its 200 day simple moving average is $249.15.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Norfolk Southern Co. will post 13.07 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Friday, February 7th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, February 7th. Norfolk Southern’s dividend payout ratio is currently 46.71%.

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.