ORG Partners LLC Has $45,000 Stake in Norfolk Southern Co. (NYSE:NSC)

ORG Partners LLC cut its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 79.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183 shares of the railroad operator’s stock after selling 711 shares during the period. ORG Partners LLC’s holdings in Norfolk Southern were worth $45,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSC. Vanguard Group Inc. grew its holdings in Norfolk Southern by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 19,623,690 shares of the railroad operator’s stock worth $5,001,490,000 after acquiring an additional 1,088,072 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Norfolk Southern by 2.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,986,180 shares of the railroad operator’s stock worth $1,525,699,000 after purchasing an additional 124,362 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in Norfolk Southern by 1.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 3,789,436 shares of the railroad operator’s stock valued at $813,554,000 after buying an additional 37,386 shares during the last quarter. American Century Companies Inc. raised its position in shares of Norfolk Southern by 17.3% during the second quarter. American Century Companies Inc. now owns 3,356,590 shares of the railroad operator’s stock worth $720,626,000 after acquiring an additional 496,088 shares during the last quarter. Finally, Boston Partners boosted its holdings in Norfolk Southern by 157.1% in the first quarter. Boston Partners now owns 2,890,665 shares of the railroad operator’s stock valued at $735,749,000 after acquiring an additional 1,766,135 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the sale, the chief executive officer now directly owns 35,045 shares in the company, valued at approximately $8,970,819.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the sale, the chief executive officer now owns 35,045 shares of the company’s stock, valued at approximately $8,970,819.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sameh Fahmy acquired 700 shares of the stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $245.15 per share, with a total value of $171,605.00. Following the completion of the transaction, the director now owns 7,700 shares of the company’s stock, valued at approximately $1,887,655. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by company insiders.

Norfolk Southern Stock Up 0.5 %

NSC stock opened at $255.65 on Thursday. Norfolk Southern Co. has a twelve month low of $183.09 and a twelve month high of $263.66. The company has a market cap of $57.75 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.33 and a beta of 1.31. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average price of $247.44 and a two-hundred day moving average price of $236.78.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, July 25th. The railroad operator reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.20. Norfolk Southern had a return on equity of 19.64% and a net margin of 14.85%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Norfolk Southern Co. will post 11.79 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Friday, August 2nd were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is currently 86.96%.

Wall Street Analysts Forecast Growth

NSC has been the topic of several recent research reports. Evercore ISI raised their target price on shares of Norfolk Southern from $265.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Jefferies Financial Group upped their target price on shares of Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Citigroup began coverage on Norfolk Southern in a report on Wednesday, October 9th. They issued a “buy” rating and a $294.00 price objective for the company. Stifel Nicolaus boosted their target price on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research report on Friday, October 11th. Finally, Benchmark lifted their price objective on shares of Norfolk Southern from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Moderate Buy” and an average price target of $266.17.

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.