CSX Corporation $CSX Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lessened its position in shares of CSX Corporation (NASDAQ:CSX) by 13.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,842 shares of the transportation company’s stock after selling 14,321 shares during the period. SOA Wealth Advisors LLC.’s holdings in CSX were worth $2,899,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rossby Financial LCC acquired a new position in CSX in the first quarter worth $28,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of CSX in the 1st quarter worth about $30,000. Kessler Investment Group LLC acquired a new position in shares of CSX in the 1st quarter valued at about $32,000. Cornerstone Planning Group LLC grew its position in shares of CSX by 45.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,414 shares of the transportation company’s stock valued at $39,000 after buying an additional 444 shares during the last quarter. Finally, Caldwell Sutter Capital Inc. lifted its holdings in CSX by 87.7% in the first quarter. Caldwell Sutter Capital Inc. now owns 1,541 shares of the transportation company’s stock worth $45,000 after acquiring an additional 720 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Price Performance

Shares of NASDAQ CSX opened at $35.00 on Thursday. The stock has a market cap of $65.25 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.75 and a beta of 1.29. The firm’s 50-day simple moving average is $34.22 and its 200 day simple moving average is $31.90. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.25. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.50.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. CSX had a net margin of 21.92% and a return on equity of 25.48%. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company earned $0.49 EPS. CSX’s quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts expect that CSX Corporation will post 1.83 EPS for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.52 annualized dividend and a yield of 1.5%. CSX’s payout ratio is presently 32.10%.

Analysts Set New Price Targets

CSX has been the subject of several recent research reports. Bank of America lowered their target price on CSX from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upgraded CSX from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, July 24th. Wells Fargo & Company upgraded CSX from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $37.00 to $40.00 in a research note on Thursday, September 25th. Susquehanna lowered their price target on shares of CSX from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, September 25th. Finally, Wall Street Zen downgraded shares of CSX from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.50.

CSX Company 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.