Vontobel Holding Ltd. Has $674,000 Stake in Norfolk Southern Corporation $NSC

Vontobel Holding Ltd. trimmed its position in Norfolk Southern Corporation (NYSE:NSC) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,633 shares of the railroad operator’s stock after selling 162 shares during the period. Vontobel Holding Ltd.’s holdings in Norfolk Southern were worth $674,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC raised its position in shares of Norfolk Southern by 1.7% during the second quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock worth $622,000 after purchasing an additional 40 shares during the period. Pinnacle Bancorp Inc. increased its position in shares of Norfolk Southern by 30.5% in the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock valued at $47,000 after acquiring an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in Norfolk Southern by 4.9% during the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock valued at $226,000 after purchasing an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Norfolk Southern by 1.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock worth $605,000 after purchasing an additional 45 shares during the last quarter. Finally, LexAurum Advisors LLC raised its stake in shares of Norfolk Southern by 3.3% during the 2nd quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator’s stock worth $372,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NSC shares. Benchmark cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 30th. Bank of America boosted their target price on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Robert W. Baird increased their price target on Norfolk Southern from $255.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and an average price target of $293.80.

Norfolk Southern Stock Performance

NYSE:NSC opened at $289.87 on Tuesday. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $302.24. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The stock has a market cap of $65.11 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The stock’s 50-day moving average is $284.45 and its 200-day moving average is $258.63.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Norfolk Southern Dividend Announcement

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

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.