XML Financial LLC Trims Stock Holdings in CSX Corporation (NASDAQ:CSX)

XML Financial LLC cut its holdings in shares of CSX Corporation (NASDAQ:CSX) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,351 shares of the transportation company’s stock after selling 1,352 shares during the quarter. XML Financial LLC’s holdings in CSX were worth $658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Portside Wealth Group LLC lifted its position in shares of CSX by 1.3% during the first quarter. Portside Wealth Group LLC now owns 27,335 shares of the transportation company’s stock worth $804,000 after purchasing an additional 361 shares during the last quarter. Ullmann Wealth Partners Group LLC raised its stake in CSX by 1.3% during the first quarter. Ullmann Wealth Partners Group LLC now owns 29,276 shares of the transportation company’s stock valued at $862,000 after buying an additional 363 shares in the last quarter. Family Legacy Inc. lifted its holdings in CSX by 0.6% during the 4th quarter. Family Legacy Inc. now owns 68,009 shares of the transportation company’s stock worth $2,190,000 after buying an additional 375 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its holdings in CSX by 1.2% during the 1st quarter. Patrick M Sweeney & Associates Inc. now owns 32,205 shares of the transportation company’s stock worth $948,000 after buying an additional 378 shares during the last quarter. Finally, Faithward Advisors LLC grew its position in shares of CSX by 1.7% in the 4th quarter. Faithward Advisors LLC now owns 23,841 shares of the transportation company’s stock worth $769,000 after acquiring an additional 392 shares in the last quarter. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

CSX Trading Up 1.1%

Shares of CSX stock opened at $32.42 on Tuesday. CSX Corporation has a 1 year low of $26.22 and a 1 year high of $37.10. The firm has a market capitalization of $60.90 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The stock has a fifty day moving average of $30.24 and a two-hundred day moving average of $31.06. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.88.

CSX (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.53 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. As a group, research analysts expect that CSX Corporation will post 1.83 EPS for the current year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, May 30th. CSX’s dividend payout ratio is currently 31.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CSX shares. UBS Group dropped their price target on CSX from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company dropped their target price on shares of CSX from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Citigroup decreased their price target on shares of CSX from $39.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Barclays lowered their price objective on shares of CSX from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Benchmark reiterated a “buy” rating and set a $35.00 price objective on shares of CSX in a research note on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

About CSX

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.