Trade Report: Today, Nisa Investment Advisors LLC decides to keep it stake in Norfolk Southern Corp. (NSC) to the level of $14,076,000

Today, Nisa Investment Advisors LLC decides to keep it stake in Norfolk Southern Corp. (NSC) to the level of $14,076,000

Nisa Investment Advisors LLC lowered its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,029 shares of the railroad operator’s stock after selling 6,025 shares during the period. Nisa Investment Advisors LLC’s holdings in Norfolk Southern Corp. were worth $14,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NEXT Financial Group Inc increased its position in shares of Norfolk Southern Corp. by 1.0% in the second quarter. NEXT Financial Group Inc now owns 5,179 shares of the railroad operator’s stock worth $440,000 after buying an additional 53 shares during the period. CenturyLink Investment Management Co bought a new position in shares of Norfolk Southern Corp. during the second quarter worth $1,834,000. Raymond James Trust N.A. increased its position in shares of Norfolk Southern Corp. by 10.1% in the second quarter. Raymond James Trust N.A. now owns 20,284 shares of the railroad operator’s stock worth $1,727,000 after buying an additional 1,868 shares during the period. West Oak Capital LLC increased its position in Norfolk Southern Corp. by 7.2% in the second quarter. West Oak Capital LLC now owns 12,735 shares of the railroad operator’s stock valued at $1,084,000 after buying an additional 852 shares during the last quarter. Finally, Baxter Bros Inc. acquired a new position in Norfolk Southern Corp. during the second quarter valued at $2,373,000. Institutional investors own 67.93% of the company’s stock.

Norfolk Southern Corp. (NYSE:NSC) traded down 0.38% during midday trading on Monday, hitting $103.94. 1,108,223 shares of the stock traded hands. The firm has a market cap of $30.34 billion, a P/E ratio of 19.25 and a beta of 1.13. The company’s 50-day moving average is $96.80 and its 200 day moving average is $90.93. Norfolk Southern Corp. has a 12-month low of $64.51 and a 12-month high of $105.50.

Norfolk Southern Corp. (NYSE:NSC) last issued its earnings results on Wednesday, October 26th. The railroad operator reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.10. The business earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Norfolk Southern Corp. had a net margin of 16.27% and a return on equity of 13.15%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 earnings per share. On average, analysts anticipate that Norfolk Southern Corp. will post $5.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Friday, November 4th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, November 2nd. Norfolk Southern Corp.’s dividend payout ratio is currently 43.70%.

NSC has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Norfolk Southern Corp. from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Friday, October 7th. Citigroup Inc. increased their price target on shares of Norfolk Southern Corp. from $87.00 to $97.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Aegis initiated coverage on shares of Norfolk Southern Corp. in a research report on Monday, October 24th. They issued a “hold” rating on the stock. Avondale Partners downgraded shares of Norfolk Southern Corp. from a “market perform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research report on Wednesday, October 12th. Finally, Bank of America Corp. upgraded shares of Norfolk Southern Corp. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $97.00 to $110.00 in a research report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $92.65.

In related news, VP Thomas E. Hurlbut sold 2,170 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $91.21, for a total value of $197,925.70. Following the completion of the sale, the vice president now owns 8,560 shares of the company’s stock, valued at $780,757.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas E. Hurlbut sold 469 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $103.77, for a total transaction of $48,668.13. Following the completion of the sale, the vice president now directly owns 7,041 shares of the company’s stock, valued at approximately $730,644.57. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Norfolk Southern Corp. Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. The Company operates approximately 20,000 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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