Foundations Investment Advisors LLC Has $487,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Foundations Investment Advisors LLC increased its stake in Norfolk Southern Co. (NYSE:NSC) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,075 shares of the railroad operator’s stock after acquiring an additional 64 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Norfolk Southern were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NSC. Parsons Capital Management Inc. RI lifted its position in shares of Norfolk Southern by 12.2% in the 4th quarter. Parsons Capital Management Inc. RI now owns 2,191 shares of the railroad operator’s stock worth $514,000 after purchasing an additional 238 shares during the period. Pacer Advisors Inc. lifted its holdings in Norfolk Southern by 10.3% in the fourth quarter. Pacer Advisors Inc. now owns 18,674 shares of the railroad operator’s stock valued at $4,383,000 after buying an additional 1,738 shares during the period. KBC Group NV boosted its position in Norfolk Southern by 13.8% during the fourth quarter. KBC Group NV now owns 20,084 shares of the railroad operator’s stock valued at $4,714,000 after acquiring an additional 2,439 shares during the last quarter. Blue Trust Inc. grew its holdings in Norfolk Southern by 7.1% during the 4th quarter. Blue Trust Inc. now owns 9,226 shares of the railroad operator’s stock worth $2,293,000 after acquiring an additional 609 shares during the period. Finally, OLIO Financial Planning raised its position in shares of Norfolk Southern by 52.7% in the 4th quarter. OLIO Financial Planning now owns 1,544 shares of the railroad operator’s stock worth $362,000 after acquiring an additional 533 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Norfolk Southern Stock Up 0.3 %

Norfolk Southern stock opened at $257.50 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73. The stock has a market cap of $58.26 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The firm’s 50-day simple moving average is $249.36 and its 200 day simple moving average is $248.69.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. Research analysts predict that Norfolk Southern Co. will post 11.78 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Friday, February 7th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, February 7th. Norfolk Southern’s dividend payout ratio is presently 50.70%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NSC shares. Loop Capital increased their price target on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Bank of America raised their price target on shares of Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird raised their target price on Norfolk Southern from $260.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Royal Bank of Canada upped their price target on Norfolk Southern from $275.00 to $286.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.74.

About Norfolk Southern

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.