1900 Wealth Management LLC Sells 64 Shares of Norfolk Southern Co. (NYSE:NSC)

1900 Wealth Management LLC decreased its position in shares of Norfolk Southern Co. (NYSE:NSC) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,767 shares of the railroad operator’s stock after selling 64 shares during the quarter. 1900 Wealth Management LLC’s holdings in Norfolk Southern were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NSC. Czech National Bank lifted its position in shares of Norfolk Southern by 7.0% in the third quarter. Czech National Bank now owns 46,058 shares of the railroad operator’s stock worth $11,445,000 after buying an additional 3,008 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in Norfolk Southern during the third quarter worth approximately $214,000. Saxon Interests Inc. purchased a new stake in Norfolk Southern during the third quarter valued at approximately $208,000. CWM LLC lifted its stake in shares of Norfolk Southern by 17.0% in the 3rd quarter. CWM LLC now owns 8,622 shares of the railroad operator’s stock valued at $2,142,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Norfolk Southern by 5.4% in the 3rd quarter. Wedmont Private Capital now owns 3,354 shares of the railroad operator’s stock worth $818,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NSC shares. Jefferies Financial Group raised their price target on Norfolk Southern from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus increased their price target on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research report on Friday, October 11th. Stephens boosted their price objective on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, TD Cowen increased their price target on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.11.

Insider Buying and Selling at Norfolk Southern

In other news, Director Gilbert H. Lamphere acquired 607 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the acquisition, the director now owns 2,487 shares in the company, valued at approximately $646,271.82. This represents a 32.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameh Fahmy bought 350 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the transaction, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE NSC opened at $251.33 on Friday. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The firm’s 50 day simple moving average is $247.53 and its 200-day simple moving average is $249.49. The stock has a market capitalization of $56.86 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.35 and a beta of 1.35.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. Analysts expect that Norfolk Southern Co. will post 13.07 EPS for the current year.

Norfolk Southern Announces Dividend

The business 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. This represents a $5.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, February 7th. Norfolk Southern’s dividend payout ratio is presently 46.71%.

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.