Jamison Private Wealth Management Inc. Has $4.31 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

Jamison Private Wealth Management Inc. boosted its stake in Norfolk Southern Co. (NYSE:NSC) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,381 shares of the railroad operator’s stock after buying an additional 260 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Norfolk Southern were worth $4,314,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in Norfolk Southern during the third quarter worth $25,000. Morse Asset Management Inc bought a new position in shares of Norfolk Southern in the 3rd quarter worth about $30,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern in the 2nd quarter valued at about $31,000. Coastline Trust Co bought a new stake in shares of Norfolk Southern during the 3rd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP bought a new stake in Norfolk Southern in the third quarter worth approximately $33,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $254.91 on Friday. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 1.21. The stock has a market cap of $57.67 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a 50 day moving average of $249.61 and a 200 day moving average of $247.68.

Insider Buying and Selling

In other news, Director Sameh Fahmy bought 350 shares of Norfolk Southern stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NSC. JPMorgan Chase & Co. raised their price objective on shares of Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group raised their target price on Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Evercore ISI cut their price target on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their price objective on Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $275.68.

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.