Southeast Asset Advisors LLC Sells 48 Shares of Norfolk Southern Co. (NYSE:NSC)

Southeast Asset Advisors LLC trimmed its holdings in Norfolk Southern Co. (NYSE:NSC) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,415 shares of the railroad operator’s stock after selling 48 shares during the quarter. Southeast Asset Advisors LLC’s holdings in Norfolk Southern were worth $332,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NSC. Raab & Moskowitz Asset Management LLC increased its stake in shares of Norfolk Southern by 2.4% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,749 shares of the railroad operator’s stock valued at $435,000 after purchasing an additional 41 shares in the last quarter. Albert D Mason Inc. grew its stake in shares of Norfolk Southern by 0.7% in the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator’s stock worth $1,615,000 after buying an additional 46 shares during the last quarter. Signal Advisors Wealth LLC increased its position in Norfolk Southern by 5.4% during the 4th quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator’s stock valued at $225,000 after buying an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Norfolk Southern by 2.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,507 shares of the railroad operator’s stock valued at $588,000 after buying an additional 49 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in Norfolk Southern by 0.9% in the fourth quarter. Leavell Investment Management Inc. now owns 5,816 shares of the railroad operator’s stock worth $1,365,000 after acquiring an additional 50 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Norfolk Southern

In related news, Director Gilbert H. Lamphere acquired 607 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $259.86 per share, with a total value of $157,735.02. Following the transaction, the director now directly owns 2,487 shares in the company, valued at approximately $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Norfolk Southern in a research report on Friday, March 7th. They issued a “buy” rating and a $293.00 price target for the company. Susquehanna decreased their target price on shares of Norfolk Southern from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Barclays dropped their target price on shares of Norfolk Southern from $305.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Bank of America reduced their price target on shares of Norfolk Southern from $292.00 to $272.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, Loop Capital cut Norfolk Southern from a “buy” rating to a “hold” rating and lowered their price objective for the company from $289.00 to $256.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Norfolk Southern currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.74.

Norfolk Southern Trading Down 4.5 %

Norfolk Southern stock opened at $210.78 on Monday. The business has a 50-day simple moving average of $242.94 and a two-hundred day simple moving average of $248.35. Norfolk Southern Co. has a 52-week low of $206.71 and a 52-week high of $277.60. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The company has a market cap of $51.97 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.31 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Analysts predict that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $5.40 annualized dividend and a yield of 2.56%. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.71%.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.