3,721 Shares in Norfolk Souther Corporation (NYSE:NSC) Acquired by Northern Oak Wealth Management Inc.

Northern Oak Wealth Management Inc. bought a new stake in shares of Norfolk Souther Corporation (NYSE:NSC) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,721 shares of the railroad operator’s stock, valued at approximately $417,000.

A number of other institutional investors also recently added to or reduced their stakes in NSC. D Orazio & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares in the last quarter. MCF Advisors LLC raised its stake in Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares during the last quarter. Parallel Advisors LLC raised its stake in Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Norfolk Souther Corporation during the first quarter valued at $125,000. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Shares of Norfolk Souther Corporation (NYSE NSC) traded up 0.65% during mid-day trading on Friday, hitting $116.19. 346,505 shares of the company were exchanged. The firm has a 50 day moving average of $118.80 and a 200 day moving average of $118.12. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 18.88 and a beta of 1.33. Norfolk Souther Corporation has a 12-month low of $87.97 and a 12-month high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. Norfolk Souther Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. Equities research analysts forecast that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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Several equities research analysts have recently weighed in on NSC shares. TD Securities reaffirmed a “hold” rating on shares of Norfolk Souther Corporation in a report on Thursday, April 27th. Deutsche Bank AG upped their target price on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, April 28th. UBS AG reaffirmed a “buy” rating and issued a $138.00 target price (up previously from $135.00) on shares of Norfolk Souther Corporation in a report on Friday, April 28th. Stifel Nicolaus upped their target price on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Finally, Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $112.17.

In related news, VP Thomas E. Hurlbut sold 802 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total value of $93,465.08. Following the completion of the sale, the vice president now directly owns 4,300 shares of the company’s stock, valued at approximately $501,122. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 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.

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

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