Diversified Trust Co Has $655,000 Stock Position in Norfolk Southern Co. (NYSE:NSC)

Diversified Trust Co boosted its holdings in shares of Norfolk Southern Co. (NYSE:NSCGet Rating) by 19.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,881 shares of the railroad operator’s stock after buying an additional 475 shares during the period. Diversified Trust Co’s holdings in Norfolk Southern were worth $655,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Norfolk Southern by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,556,205 shares of the railroad operator’s stock worth $5,292,600,000 after purchasing an additional 130,569 shares during the last quarter. BlackRock Inc. boosted its position in Norfolk Southern by 7.4% during the 4th quarter. BlackRock Inc. now owns 16,718,778 shares of the railroad operator’s stock worth $4,977,349,000 after acquiring an additional 1,148,493 shares during the last quarter. State Street Corp boosted its position in Norfolk Southern by 4.0% during the 1st quarter. State Street Corp now owns 10,774,825 shares of the railroad operator’s stock worth $3,073,196,000 after acquiring an additional 417,870 shares during the last quarter. Capital International Investors raised its stake in shares of Norfolk Southern by 11.4% during the 1st quarter. Capital International Investors now owns 6,350,959 shares of the railroad operator’s stock worth $1,811,813,000 after purchasing an additional 652,048 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Norfolk Southern by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,318,082 shares of the railroad operator’s stock worth $661,237,000 after purchasing an additional 41,366 shares in the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.

Analysts Set New Price Targets

NSC has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Norfolk Southern from $340.00 to $274.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. Stephens reduced their target price on Norfolk Southern from $244.00 to $243.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Credit Suisse Group started coverage on Norfolk Southern in a report on Monday, June 27th. They set an “outperform” rating and a $267.00 target price on the stock. Cowen reduced their target price on Norfolk Southern from $331.00 to $316.00 in a report on Thursday, July 28th. Finally, Stifel Nicolaus raised Norfolk Southern from a “hold” rating to a “buy” rating and reduced their target price for the stock from $289.00 to $275.00 in a report on Friday, July 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.10.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $227.89 on Thursday. The business’s 50-day moving average price is $246.30 and its 200-day moving average price is $248.74. Norfolk Southern Co. has a 12 month low of $217.00 and a 12 month high of $299.20. The firm has a market capitalization of $53.53 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.84 and a beta of 1.32. The company has a current ratio of 1.10, a quick ratio of 0.98 and a debt-to-equity ratio of 1.10.

Norfolk Southern (NYSE:NSCGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The railroad operator reported $3.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.03). Norfolk Southern had a return on equity of 22.42% and a net margin of 25.57%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the business earned $3.28 earnings per share. Norfolk Southern’s revenue was up 16.1% compared to the same quarter last year. Equities research analysts forecast that Norfolk Southern Co. will post 13.69 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 20th. Stockholders of record on Monday, August 8th were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.18%. Norfolk Southern’s dividend payout ratio (DPR) is 39.49%.

Insider Transactions at Norfolk Southern

In other news, Director James A. Squires sold 105,420 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $248.81, for a total transaction of $26,229,550.20. Following the completion of the transaction, the director now directly owns 42,728 shares in the company, valued at $10,631,153.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Norfolk Southern Company Profile

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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, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; 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.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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