1,902 Shares in Norfolk Southern Corporation $NSC Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,902 shares of the railroad operator’s stock, valued at approximately $487,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSC. Aberdeen Group plc increased its holdings in shares of Norfolk Southern by 6.4% during the second quarter. Aberdeen Group plc now owns 529,726 shares of the railroad operator’s stock worth $135,610,000 after buying an additional 31,878 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in Norfolk Southern during the 2nd quarter worth $597,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Norfolk Southern by 682.1% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 56,012 shares of the railroad operator’s stock worth $14,337,000 after purchasing an additional 48,850 shares in the last quarter. Teacher Retirement System of Texas raised its position in Norfolk Southern by 10.4% in the second quarter. Teacher Retirement System of Texas now owns 116,795 shares of the railroad operator’s stock valued at $29,896,000 after purchasing an additional 10,990 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Norfolk Southern by 4.6% during the second quarter. Sequoia Financial Advisors LLC now owns 76,057 shares of the railroad operator’s stock valued at $19,468,000 after purchasing an additional 3,367 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Insider Activity at Norfolk Southern

In related news, Director Sameh Fahmy bought 1,650 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average price of $282.97 per share, for a total transaction of $466,900.50. Following the transaction, the director directly owned 12,000 shares of the company’s stock, valued at approximately $3,395,640. The trade was a 15.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard H. Anderson bought 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were bought at an average cost of $281.86 per share, for a total transaction of $732,836.00. Following the completion of the purchase, the director owned 7,000 shares of the company’s stock, valued at $1,973,020. This represents a 59.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NSC shares. Weiss Ratings downgraded Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Barclays boosted their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Loop Capital lifted their price target on shares of Norfolk Southern from $235.00 to $278.00 and gave the stock a “hold” rating in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norfolk Southern from $290.00 to $354.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Susquehanna lifted their target price on Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Norfolk Southern currently has a consensus rating of “Hold” and a consensus target price of $301.10.

Norfolk Southern Price Performance

NSC stock opened at $284.04 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a market cap of $63.73 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.52 and a beta of 1.33. The company’s fifty day simple moving average is $286.84 and its 200 day simple moving average is $269.49. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.25 earnings per share. On average, analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, November 7th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, November 7th. Norfolk Southern’s payout ratio is presently 41.19%.

Norfolk Southern 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.