1,878 Shares in Norfolk Southern Corporation $NSC Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new position in Norfolk Southern Corporation (NYSE:NSC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,878 shares of the railroad operator’s stock, valued at approximately $481,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NSC. WPG Advisers LLC purchased a new position in shares of Norfolk Southern in the 1st quarter valued at approximately $27,000. True Wealth Design LLC raised its holdings in Norfolk Southern by 423.8% in the second quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 89 shares in the last quarter. NewSquare Capital LLC lifted its position in Norfolk Southern by 58.5% during the second quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after buying an additional 48 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of Norfolk Southern during the 2nd quarter valued at $35,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of Norfolk Southern by 30.5% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Activity

In other Norfolk Southern news, EVP Anil Bhatt sold 900 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $281.60, for a total transaction of $253,440.00. Following the completion of the sale, the executive vice president directly owned 1,413 shares in the company, valued at approximately $397,900.80. The trade was a 38.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameh Fahmy purchased 1,650 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average price of $282.97 per share, for a total transaction of $466,900.50. Following the completion of the purchase, the director owned 12,000 shares in the company, valued at approximately $3,395,640. The trade was a 15.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by corporate insiders.

Norfolk Southern Stock Performance

Shares of NSC opened at $292.09 on Friday. The company has a market cap of $65.54 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.52 and a beta of 1.33. The business’s fifty day simple moving average is $288.58 and its two-hundred day simple moving average is $273.67. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $302.24. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.09.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a net margin of 24.22% and a return on equity of 18.93%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company earned $3.25 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Friday, November 7th were paid a $1.35 dividend. The ex-dividend date was Friday, November 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. Norfolk Southern’s payout ratio is currently 41.19%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NSC shares. UBS Group lowered their price target on shares of Norfolk Southern from $321.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Barclays lifted their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Susquehanna upped their price target on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Sanford C. Bernstein lowered their price objective on Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada dropped their target price on Norfolk Southern from $320.00 to $315.00 and set a “sector perform” rating on the stock in a report on Friday, October 24th. Seven analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $301.10.

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.