Fiduciary Family Office LLC Lowers Stock Holdings in Norfolk Southern Corporation $NSC

Fiduciary Family Office LLC reduced its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 48.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,861 shares of the railroad operator’s stock after selling 1,776 shares during the period. Fiduciary Family Office LLC’s holdings in Norfolk Southern were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. boosted its position in shares of Norfolk Southern by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 2,515 shares of the railroad operator’s stock worth $726,000 after buying an additional 35 shares during the period. Moss Adams Wealth Advisors LLC boosted its holdings in Norfolk Southern by 4.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 791 shares of the railroad operator’s stock valued at $228,000 after purchasing an additional 35 shares during the period. Confluence Wealth Services Inc. boosted its holdings in Norfolk Southern by 1.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,090 shares of the railroad operator’s stock valued at $892,000 after purchasing an additional 35 shares during the period. Exencial Wealth Advisors LLC boosted its holdings in Norfolk Southern by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator’s stock valued at $929,000 after purchasing an additional 35 shares during the period. Finally, Quotient Wealth Partners LLC boosted its holdings in Norfolk Southern by 4.5% in the fourth quarter. Quotient Wealth Partners LLC now owns 864 shares of the railroad operator’s stock valued at $250,000 after purchasing an additional 37 shares during the period. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Norfolk Southern Stock Up 0.8%

Norfolk Southern stock opened at $307.65 on Wednesday. Norfolk Southern Corporation has a 1-year low of $243.70 and a 1-year high of $326.00. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The stock has a market cap of $69.10 billion, a PE ratio of 25.92, a P/E/G ratio of 5.64 and a beta of 1.27. The stock’s fifty day moving average is $303.67 and its two-hundred day moving average is $298.50.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $2.69 earnings per share. Norfolk Southern’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were paid a $1.35 dividend. The ex-dividend date was Friday, May 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is currently 45.49%.

Analyst Ratings Changes

A number of research firms recently issued reports on NSC. Rothschild & Co Redburn lifted their target price on Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of Norfolk Southern in a report on Friday, April 24th. Evercore set a $325.00 target price on Norfolk Southern in a report on Friday, April 24th. UBS Group set a $327.00 price target on Norfolk Southern in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada raised their price target on Norfolk Southern from $310.00 to $360.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $322.29.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.