940 Shares in Norfolk Southern Co. (NYSE:NSC) Bought by NTV Asset Management LLC

NTV Asset Management LLC purchased a new stake in Norfolk Southern Co. (NYSE:NSC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 940 shares of the railroad operator’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NSC. Provence Wealth Management Group acquired a new stake in Norfolk Southern during the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC increased its position in shares of Norfolk Southern by 662.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after buying an additional 106 shares during the period. Operose Advisors LLC bought a new position in Norfolk Southern during the third quarter worth $32,000. Orion Capital Management LLC acquired a new position in Norfolk Southern in the third quarter valued at $32,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Norfolk Southern during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.7 %

Shares of NYSE NSC traded up $1.75 during trading on Friday, hitting $235.55. The stock had a trading volume of 1,072,692 shares, compared to its average volume of 1,327,953. The firm has a fifty day moving average of $249.71 and a two-hundred day moving average of $233.98. The company has a market capitalization of $53.21 billion, a PE ratio of 37.93, a PEG ratio of 3.30 and a beta of 1.30. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.68 and a quick ratio of 0.61. Norfolk Southern Co. has a 12 month low of $183.09 and a 12 month high of $263.66.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the company posted $3.32 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Norfolk Southern Co. will post 11.62 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 3rd will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $5.40 dividend on an annualized basis and a yield of 2.29%. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Analysts Set New Price Targets

NSC has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on Norfolk Southern in a research note on Monday, April 8th. They issued a “buy” rating and a $300.00 price objective on the stock. Loop Capital increased their price target on Norfolk Southern from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Susquehanna lowered their price objective on shares of Norfolk Southern from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Sanford C. Bernstein raised shares of Norfolk Southern from a “market perform” rating to an “outperform” rating and set a $272.00 target price on the stock in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Norfolk Southern from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $262.32.

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.