Roberts Glore & Co. Inc. IL Sells 204 Shares of Norfolk Southern Corporation $NSC

Roberts Glore & Co. Inc. IL lowered its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,439 shares of the railroad operator’s stock after selling 204 shares during the quarter. Norfolk Southern makes up approximately 0.9% of Roberts Glore & Co. Inc. IL’s holdings, making the stock its 27th biggest position. Roberts Glore & Co. Inc. IL’s holdings in Norfolk Southern were worth $2,928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. WPG Advisers LLC bought a new position in shares of Norfolk Southern in the first quarter worth about $27,000. True Wealth Design LLC increased its holdings in Norfolk Southern by 423.8% in the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 89 shares in the last quarter. NewSquare Capital LLC increased its holdings in Norfolk Southern by 58.5% in the 2nd quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock worth $33,000 after acquiring an additional 48 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after acquiring an additional 43 shares during the period. Finally, Chung Wu Investment Group LLC purchased a new position in Norfolk Southern during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

NSC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Citigroup lowered their price target on Norfolk Southern from $316.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $300.00 price objective on shares of Norfolk Southern in a report on Friday, July 25th. Bank of America lifted their price objective 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. Finally, Weiss Ratings downgraded shares of Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Seven analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Norfolk Southern presently has a consensus rating of “Hold” and a consensus target price of $299.70.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $284.23 on Friday. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $286.13 and a 200-day moving average price of $267.30. The firm has a market capitalization of $63.78 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $3.25 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts forecast that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, November 7th will be paid 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 of this dividend is Friday, November 7th. Norfolk Southern’s dividend payout ratio (DPR) is currently 41.19%.

Insiders Place Their Bets

In other Norfolk Southern news, Director Richard H. Anderson acquired 2,600 shares of the business’s stock in a transaction on Monday, October 27th. The shares were bought at an average price of $281.86 per share, with a total value of $732,836.00. Following the transaction, the director directly owned 7,000 shares of the company’s stock, valued at $1,973,020. The trade was a 59.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sameh Fahmy bought 1,650 shares of Norfolk Southern stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $282.97 per share, for a total transaction of $466,900.50. Following the purchase, the director owned 12,000 shares of the company’s stock, valued at approximately $3,395,640. This trade represents a 15.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by insiders.

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.