Norfolk Southern Co. (NYSE:NSC) Shares Purchased by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. raised its stake in Norfolk Southern Co. (NYSE:NSC) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,420 shares of the railroad operator’s stock after purchasing an additional 158 shares during the quarter. Mine & Arao Wealth Creation & Management LLC.’s holdings in Norfolk Southern were worth $568,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in shares of Norfolk Southern during the 3rd quarter worth approximately $25,000. Morse Asset Management Inc acquired a new position in Norfolk Southern during the 3rd quarter worth about $30,000. Coastline Trust Co acquired a new position in Norfolk Southern in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP purchased a new stake in Norfolk Southern during the third quarter worth about $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Norfolk Southern in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost 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 $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Up 0.3 %

Shares of NYSE:NSC opened at $257.50 on Friday. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The stock has a market cap of $58.26 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.35 and a beta of 1.34. The firm has a fifty day moving average price of $249.36 and a 200 day moving average price of $248.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.50% and a net margin of 21.63%. Sell-side analysts predict that Norfolk Southern Co. will post 13.17 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Friday, February 7th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.10%. Norfolk Southern’s payout ratio is currently 46.71%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NSC shares. Robert W. Baird increased their price objective on Norfolk Southern from $260.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup upped their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Benchmark reiterated a “buy” rating and set a $285.00 price target on shares of Norfolk Southern in a report on Thursday. Stephens raised their price objective on shares of Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Barclays boosted their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Norfolk Southern currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.74.

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.