Jeppson Wealth Management LLC Invests $224,000 in Norfolk Southern Co. (NYSE:NSC)

Jeppson Wealth Management LLC bought a new position in Norfolk Southern Co. (NYSE:NSC) in the third quarter, HoldingsChannel reports. The firm bought 900 shares of the railroad operator’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSC. Jag Capital Management LLC purchased a new position in Norfolk Southern during the 3rd quarter valued at $224,000. Addison Advisors LLC boosted its holdings in Norfolk Southern by 69.2% during the 3rd quarter. Addison Advisors LLC now owns 807 shares of the railroad operator’s stock valued at $201,000 after acquiring an additional 330 shares during the period. Paragon Capital Management LLC purchased a new position in Norfolk Southern during the 3rd quarter valued at $220,000. Ashton Thomas Securities LLC purchased a new position in Norfolk Southern during the 3rd quarter valued at $159,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Norfolk Southern during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

In other news, Director Sameh Fahmy bought 1,000 shares of Norfolk Southern stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $2,550,000. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Alan H. Shaw sold 51,325 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $255.98, for a total value of $13,138,173.50. Following the completion of the sale, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameh Fahmy purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $255.00 per share, with a total value of $255,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $271.11 on Tuesday. The company has a market capitalization of $61.34 billion, a P/E ratio of 25.46, a P/E/G ratio of 2.58 and a beta of 1.30. The business’s 50 day moving average is $251.77 and its two-hundred day moving average is $237.83. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. Norfolk Southern Co. has a 12-month low of $195.76 and a 12-month high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.14. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. Norfolk Southern’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.65 earnings per share. Analysts expect that Norfolk Southern Co. will post 11.81 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.99%. Norfolk Southern’s payout ratio is currently 50.70%.

Wall Street Analyst Weigh In

NSC has been the subject of a number of research analyst reports. Bank of America lifted their target price on Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Loop Capital boosted their price target on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Benchmark upped their target price on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Stephens reaffirmed an “equal weight” rating and set a $263.00 target price on shares of Norfolk Southern in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Norfolk Southern presently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

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.