Linscomb Wealth Inc. Sells 46 Shares of Norfolk Southern Co. (NYSE:NSC)

Linscomb Wealth Inc. lowered its position in shares of Norfolk Southern Co. (NYSE:NSC) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,786 shares of the railroad operator’s stock after selling 46 shares during the period. Linscomb Wealth Inc.’s holdings in Norfolk Southern were worth $9,338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSC. Mizuho Securities USA LLC boosted its stake 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 buying an additional 3,280,579 shares during the period. FMR LLC raised its holdings in shares of Norfolk Southern by 48.4% in 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 in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Norfolk Southern during the 3rd quarter valued at about $207,830,000. Holocene Advisors LP purchased a new position in shares of Norfolk Southern during the third quarter worth about $122,798,000. Finally, Public Sector Pension Investment Board increased its position in shares of Norfolk Southern by 1,840.0% in the third quarter. Public Sector Pension Investment Board now owns 355,152 shares of the railroad operator’s stock worth $88,255,000 after purchasing an additional 336,845 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NSC has been the subject of a number of research reports. Robert W. Baird boosted their price target on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. 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 report on Tuesday, November 12th. Stephens raised their price target on Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Loop Capital lowered Norfolk Southern from a “buy” rating to a “hold” rating and reduced their price objective for the company from $289.00 to $256.00 in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Norfolk Southern has a consensus rating of “Moderate Buy” and an average price target of $276.11.

Norfolk Southern Stock Up 0.0 %

Shares of NYSE NSC opened at $242.14 on Friday. The firm’s fifty day moving average is $245.83 and its 200 day moving average is $250.71. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The company has a market cap of $54.83 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.31 and a beta of 1.35.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Friday, February 7th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, February 7th. This represents a $5.40 annualized dividend and a dividend yield of 2.23%. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.71%.

Insider Activity at Norfolk Southern

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

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.