Hartford Investment Management Co. Has $6,851,000 Stake in Norfolk Souther Corporation (NSC)

Hartford Investment Management Co. decreased its stake in Norfolk Souther Corporation (NYSE:NSC) by 0.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 70,585 shares of the railroad operator’s stock after selling 117 shares during the period. Hartford Investment Management Co.’s holdings in Norfolk Souther Corporation were worth $6,851,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. WealthTrust Arizona LLC boosted its stake in shares of Norfolk Souther Corporation by 0.9% in the third quarter. WealthTrust Arizona LLC now owns 1,100 shares of the railroad operator’s stock valued at $107,000 after buying an additional 10 shares during the period. Live Your Vision LLC acquired a new stake in shares of Norfolk Souther Corporation during the third quarter valued at approximately $109,000. QCI Asset Management Inc. NY boosted its stake in shares of Norfolk Souther Corporation by 0.5% in the third quarter. QCI Asset Management Inc. NY now owns 1,152 shares of the railroad operator’s stock valued at $112,000 after buying an additional 6 shares during the period. Zions Bancorporation boosted its stake in shares of Norfolk Souther Corporation by 90.4% in the second quarter. Zions Bancorporation now owns 1,369 shares of the railroad operator’s stock valued at $116,000 after buying an additional 650 shares during the period. Finally, BKS Advisors LLC acquired a new stake in shares of Norfolk Souther Corporation during the third quarter valued at approximately $123,000. 67.83% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.89% during trading on Wednesday, reaching $110.23. 572,098 shares of the company were exchanged. The stock has a market capitalization of $32.18 billion, a PE ratio of 20.41 and a beta of 1.19. Norfolk Souther Corporation has a one year low of $64.51 and a one year high of $112.99. The stock has a 50-day moving average price of $107.86 and a 200-day moving average price of $96.19.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings data on Wednesday, October 26th. The railroad operator reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The company earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Norfolk Souther Corporation had a net margin of 16.27% and a return on equity of 13.15%. Norfolk Souther Corporation’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 earnings per share. Analysts forecast that Norfolk Souther Corporation will post $5.57 EPS for the current year.

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A number of equities research analysts have recently issued reports on the stock. CLSA cut shares of Norfolk Souther Corporation from an “outperform” rating to an “underperform” rating in a report on Tuesday. Seaport Global Securities cut shares of Norfolk Souther Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $101.00 to $106.00 in a report on Monday. They noted that the move was a valuation call. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $96.00 target price on shares of Norfolk Souther Corporation in a report on Wednesday, October 26th. Vertical Research raised shares of Norfolk Souther Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Finally, Vertical Group raised shares of Norfolk Souther Corporation from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. Norfolk Souther Corporation has an average rating of “Hold” and an average target price of $93.07.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 469 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $103.77, for a total value of $48,668.13. Following the completion of the transaction, the vice president now owns 7,041 shares of the company’s stock, valued at approximately $730,644.57. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marta R. Stewart sold 3,987 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $100.49, for a total transaction of $400,653.63. Following the completion of the transaction, the executive vice president now directly owns 11,744 shares of the company’s stock, valued at approximately $1,180,154.56. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

About Norfolk Souther Corporation

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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