12,779 Shares in CSX Co. (NASDAQ:CSX) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp purchased a new stake in shares of CSX Co. (NASDAQ:CSX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,779 shares of the transportation company’s stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of CSX during the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in CSX during the 4th quarter valued at about $33,000. Center for Financial Planning Inc. boosted its position in CSX by 205.7% in the 4th quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock valued at $35,000 after buying an additional 720 shares during the period. Atala Financial Inc bought a new position in CSX in the 4th quarter worth about $36,000. Finally, Millstone Evans Group LLC purchased a new position in shares of CSX during the fourth quarter worth approximately $37,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX Price Performance

Shares of NASDAQ CSX opened at $29.53 on Wednesday. CSX Co. has a fifty-two week low of $28.98 and a fifty-two week high of $37.18. The company has a market cap of $55.95 billion, a PE ratio of 16.50, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. The business has a 50-day simple moving average of $31.93 and a two-hundred day simple moving average of $33.28.

CSX (NASDAQ:CSX) last released its earnings results on Thursday, January 23rd. The transportation company reported $0.42 EPS 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 analysts expect that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, February 28th. This is an increase from CSX’s previous quarterly dividend of $0.12. CSX’s payout ratio is presently 29.05%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CSX shares. Deutsche Bank Aktiengesellschaft began coverage on CSX in a report on Friday, March 7th. They issued a “hold” rating and a $34.00 price target for the company. BMO Capital Markets dropped their price target on CSX from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. Barclays decreased their price objective on CSX from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Stephens reiterated an “overweight” rating and set a $38.00 target price on shares of CSX in a report on Friday, January 24th. Finally, Susquehanna reduced their price target on shares of CSX from $40.00 to $39.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, CSX currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

About CSX

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.