Cordatus Wealth Management LLC Has $1.16 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

Cordatus Wealth Management LLC decreased its holdings in Norfolk Southern Co. (NYSE:NSC) by 37.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,666 shares of the railroad operator’s stock after selling 2,781 shares during the period. Cordatus Wealth Management LLC’s holdings in Norfolk Southern were worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NSC. Norden Group LLC acquired a new stake in Norfolk Southern in the 1st quarter worth approximately $2,058,000. First Trust Direct Indexing L.P. lifted its position in Norfolk Southern by 16.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,463 shares of the railroad operator’s stock worth $1,392,000 after buying an additional 786 shares in the last quarter. American National Bank & Trust Co. VA acquired a new stake in Norfolk Southern in the 1st quarter valued at about $284,000. Ashton Thomas Private Wealth LLC lifted its position in shares of Norfolk Southern by 14.4% during the first quarter. Ashton Thomas Private Wealth LLC now owns 2,561 shares of the railroad operator’s stock worth $653,000 after purchasing an additional 323 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Norfolk Southern during the 1st quarter worth $314,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Norfolk Southern Stock Down 0.3 %

NSC traded down $0.82 on Thursday, hitting $251.92. 162,233 shares of the company were exchanged, compared to its average volume of 1,250,142. The stock’s fifty day moving average is $249.93 and its 200-day moving average is $236.98. Norfolk Southern Co. has a 12 month low of $187.75 and a 12 month high of $263.66. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The company has a market cap of $56.99 billion, a PE ratio of 23.72, a PEG ratio of 2.38 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, beating the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion during 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%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. Equities research analysts predict that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 1st will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, November 1st. This represents a $5.40 annualized dividend and a dividend yield of 2.14%. Norfolk Southern’s dividend payout ratio is presently 50.70%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Susquehanna lifted their price objective on Norfolk Southern from $280.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America increased their price target on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Benchmark upped their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley reissued an “underweight” rating and set a $175.00 price target on shares of Norfolk Southern in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Norfolk Southern currently has a consensus rating of “Moderate Buy” and an average 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.