2,499 Shares in CSX Co. (NASDAQ:CSX) Purchased by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. purchased a new stake in CSX Co. (NASDAQ:CSX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,499 shares of the transportation company’s stock, valued at approximately $81,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSX. SBI Securities Co. Ltd. purchased a new position in CSX in the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in shares of CSX in the 4th quarter valued at $33,000. Center for Financial Planning Inc. grew its holdings in shares of CSX by 205.7% during the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares during the period. Atala Financial Inc acquired a new stake in shares of CSX during the 4th quarter worth about $36,000. Finally, Millstone Evans Group LLC purchased a new stake in CSX in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Trading Down 2.7 %

CSX opened at $29.11 on Monday. The business’s 50-day simple moving average is $31.75 and its 200-day simple moving average is $33.20. The company has a market cap of $54.86 billion, a P/E ratio of 16.26, a PEG ratio of 1.92 and a beta of 1.25. CSX Co. has a one year low of $28.98 and a one year high of $37.10. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, equities research analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from CSX’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.79%. CSX’s dividend payout ratio (DPR) is presently 29.05%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSX shares. Barclays dropped their price target on shares of CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Susquehanna dropped their target price on shares of CSX from $39.00 to $37.00 and set a “positive” rating for the company in a report on Thursday. BMO Capital Markets decreased their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Loop Capital cut CSX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $34.00 in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.75.

CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.