Norfolk Souther Corporation (NYSE:NSC) Shares Sold by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. cut its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,334 shares of the railroad operator’s stock after selling 1,100 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Norfolk Souther Corporation were worth $527,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. D Orazio & Associates Inc. increased its stake 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. Lee Danner & Bass Inc. boosted its position in shares of Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after buying an additional 7 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Norfolk Souther Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock worth $126,000 after buying an additional 8 shares during the last quarter. Private Bank & Trust Co. raised its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. Private Bank & Trust Co. now owns 2,010 shares of the railroad operator’s stock valued at $225,000 after buying an additional 10 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Norfolk Souther Corporation by 0.8% in the first quarter. Signaturefd LLC now owns 2,351 shares of the railroad operator’s stock valued at $263,000 after buying an additional 18 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded up 0.97% on Friday, hitting $116.56. 1,101,405 shares of the stock traded hands. Norfolk Souther Corporation has a one year low of $88.07 and a one year high of $125.31. The stock has a 50 day moving average of $118.78 and a 200 day moving average of $118.14. The company has a market cap of $33.59 billion, a PE ratio of 18.94 and a beta of 1.33.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

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NSC has been the subject of several research analyst reports. Cowen and Company restated a “buy” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Tuesday, June 13th. ValuEngine upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. UBS AG reiterated a “buy” rating and set a $138.00 price target (up previously from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Finally, Deutsche Bank AG lifted their price target on Norfolk Souther Corporation from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Four equities research 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. Norfolk Souther Corporation has an average rating of “Hold” and a consensus price target of $112.17.

In other news, VP Thomas E. Hurlbut sold 802 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the completion of the transaction, the vice president now owns 4,300 shares of the company’s stock, valued at approximately $501,122. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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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