Pathway Financial Advisors LLC Has $487,000 Stake in Norfolk Southern Corporation $NSC

Pathway Financial Advisors LLC trimmed its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 44.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,901 shares of the railroad operator’s stock after selling 1,525 shares during the period. Pathway Financial Advisors LLC’s holdings in Norfolk Southern were worth $487,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NSC. WPG Advisers LLC acquired a new position in shares of Norfolk Southern during the first quarter worth approximately $27,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern during the first quarter worth approximately $35,000. Physician Wealth Advisors Inc. lifted its position in shares of Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after purchasing an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Norfolk Southern during the first quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after purchasing an additional 159 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 2.2%

NSC opened at $288.34 on Monday. The firm’s fifty day moving average is $284.20 and its two-hundred day moving average is $258.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market cap of $64.77 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 36.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NSC shares. Evercore ISI upped their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research report on Thursday, September 25th. Citigroup raised their price objective on shares of Norfolk Southern from $288.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada cut shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Benchmark cut shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird raised their price objective on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and an average target price of $293.25.

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.