Busey Trust CO continued to hold its stake in shares of Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,501 shares of the railroad operator’s stock at the end of the second quarter. Busey Trust CO’s holdings in Norfolk Souther Corporation were worth $791,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pillar Pacific Capital Management LLC increased its stake in shares of Norfolk Souther Corporation by 0.9% in the first quarter. Pillar Pacific Capital Management LLC now owns 58,450 shares of the railroad operator’s stock valued at $6,544,000 after buying an additional 520 shares during the last quarter. Lee Danner & Bass Inc. increased its stake in shares of Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock valued at $257,000 after buying an additional 7 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in shares of Norfolk Souther Corporation during the first quarter valued at $456,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Norfolk Souther Corporation by 11.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 8,326 shares of the railroad operator’s stock valued at $932,000 after buying an additional 856 shares during the last quarter. Finally, Tyers Asset Management LLC increased its stake in shares of Norfolk Souther Corporation by 78.6% in the first quarter. Tyers Asset Management LLC now owns 17,344 shares of the railroad operator’s stock valued at $1,942,000 after buying an additional 7,632 shares during the last quarter. Institutional investors and hedge funds own 70.63% of the company’s stock.

Shares of Norfolk Souther Corporation (NSC) opened at 120.79 on Thursday. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $125.31. The firm’s 50-day moving average price is $118.32 and its 200 day moving average price is $118.11. The company has a market cap of $34.81 billion, a PE ratio of 19.63 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm earned $1.36 EPS. Norfolk Souther Corporation’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.02%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is 39.61%.

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NSC has been the topic of several recent analyst reports. Cowen and Company reiterated a “buy” rating and issued a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Tuesday, June 13th. ValuEngine upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Wolfe Research upgraded Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Monday, August 7th. Finally, UBS AG reiterated a “buy” rating and issued a $133.00 price target on shares of Norfolk Souther Corporation in a report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. Norfolk Souther Corporation has a consensus rating of “Hold” and an average target price of $112.59.

In related news, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the sale, the chief operating officer now directly owns 13,492 shares in the company, valued at approximately $1,601,230.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas E. Hurlbut sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at $475,200. The disclosure for this sale can be found here. Insiders have sold a total of 27,077 shares of company stock worth $3,244,531 over the last 90 days. 0.36% of the stock is owned by insiders.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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