Addison Advisors LLC Purchases 330 Shares of Norfolk Southern Co. (NYSE:NSC)

Addison Advisors LLC increased its position in Norfolk Southern Co. (NYSE:NSC) by 69.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 807 shares of the railroad operator’s stock after acquiring an additional 330 shares during the quarter. Addison Advisors LLC’s holdings in Norfolk Southern were worth $201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of Norfolk Southern in the third quarter worth about $25,000. Cedar Wealth Management LLC acquired a new stake in Norfolk Southern in the 1st quarter valued at approximately $27,000. 1620 Investment Advisors Inc. bought a new position in Norfolk Southern in the 2nd quarter worth approximately $27,000. Financial Connections Group Inc. acquired a new position in shares of Norfolk Southern during the second quarter worth approximately $31,000. Finally, HWG Holdings LP bought a new stake in shares of Norfolk Southern in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insider Activity

In related news, Director Sameh Fahmy bought 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Sameh Fahmy purchased 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $255.00 per share, with a total value of $255,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $2,550,000. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan H. Shaw sold 51,325 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $255.98, for a total value of $13,138,173.50. Following the completion of the sale, the chief executive officer now owns 35,045 shares in the company, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Norfolk Southern Price Performance

NSC opened at $271.11 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The stock has a market capitalization of $61.34 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.30. The company’s 50 day simple moving average is $251.77 and its 200-day simple moving average is $237.83. Norfolk Southern Co. has a one year low of $195.76 and a one year high of $277.60.

Norfolk Southern (NYSE:NSC) last released its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.14. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 EPS. Sell-side analysts anticipate that Norfolk Southern Co. will post 11.81 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.99%. Norfolk Southern’s dividend payout ratio (DPR) is currently 50.70%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NSC shares. Jefferies Financial Group boosted their target price on shares of Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Sanford C. Bernstein lifted their price target on shares of Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of Norfolk Southern from $270.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stephens reiterated an “equal weight” rating and issued a $263.00 price objective on shares of Norfolk Southern in a research note on Wednesday, October 23rd. Finally, Barclays boosted their price target on Norfolk Southern from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $274.16.

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.