Pflug Koory LLC Sells 50 Shares of Norfolk Southern Co. (NYSE:NSC)

Pflug Koory LLC cut its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,184 shares of the railroad operator’s stock after selling 50 shares during the period. Norfolk Southern accounts for approximately 0.9% of Pflug Koory LLC’s portfolio, making the stock its 28th largest holding. Pflug Koory LLC’s holdings in Norfolk Southern were worth $1,686,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Lake Street Advisors Group LLC boosted its holdings in Norfolk Southern by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 2,265 shares of the railroad operator’s stock valued at $563,000 after purchasing an additional 41 shares during the period. Raab & Moskowitz Asset Management LLC grew its position in Norfolk Southern by 2.4% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock worth $435,000 after buying an additional 41 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its stake in Norfolk Southern by 4.2% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 1,043 shares of the railroad operator’s stock worth $256,000 after acquiring an additional 42 shares during the last quarter. Stratos Investment Management LLC raised its holdings in shares of Norfolk Southern by 3.8% in the 3rd quarter. Stratos Investment Management LLC now owns 1,154 shares of the railroad operator’s stock valued at $287,000 after acquiring an additional 42 shares in the last quarter. Finally, Archer Investment Corp boosted its position in shares of Norfolk Southern by 2.3% during the 3rd quarter. Archer Investment Corp now owns 1,934 shares of the railroad operator’s stock valued at $481,000 after acquiring an additional 43 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NSC has been the topic of a number of recent analyst reports. Bank of America raised their target price on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital increased their target price on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup increased their price objective on Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Susquehanna dropped their target price on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Benchmark lifted their price target on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $254.91 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average of $249.73 and a 200 day moving average of $247.39. The firm has a market capitalization of $57.67 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.29 and a beta of 1.34. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.14. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. Norfolk Southern’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.65 earnings per share. As a group, research analysts expect that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Insiders Place Their Bets

In other Norfolk Southern news, Director Sameh Fahmy bought 350 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the acquisition, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

About Norfolk Southern

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.