Eliot Finkel Investment Counsel LLC lowered its position in Norfolk Souther Corporation (NYSE:NSC) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,130 shares of the railroad operator’s stock after selling 960 shares during the quarter. Norfolk Souther Corporation makes up about 5.1% of Eliot Finkel Investment Counsel LLC’s portfolio, making the stock its biggest position. Eliot Finkel Investment Counsel LLC’s holdings in Norfolk Souther Corporation were worth $7,158,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. D Orazio & Associates Inc. boosted its position in Norfolk Souther Corporation by 0.5% during the 1st quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after acquiring an additional 4 shares in the last quarter. QCI Asset Management Inc. NY boosted its position in Norfolk Souther Corporation by 0.5% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,099 shares of the railroad operator’s stock valued at $134,000 after acquiring an additional 5 shares in the last quarter. Alexandria Capital LLC boosted its position in Norfolk Souther Corporation by 0.4% during the 2nd quarter. Alexandria Capital LLC now owns 1,865 shares of the railroad operator’s stock valued at $227,000 after acquiring an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Norfolk Souther Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock valued at $126,000 after acquiring an additional 8 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Norfolk Souther Corporation by 0.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,090 shares of the railroad operator’s stock valued at $255,000 after acquiring an additional 13 shares in the last quarter. 70.88% of the stock is currently owned by institutional investors.

Shares of Norfolk Souther Corporation (NYSE:NSC) traded down $1.68 during mid-day trading on Friday, reaching $127.54. The company had a trading volume of 1,205,216 shares, compared to its average volume of 1,470,451. The stock has a market cap of $36,495.44, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.83 and a quick ratio of 0.73. Norfolk Souther Corporation has a one year low of $102.76 and a one year high of $134.52.

Norfolk Souther Corporation (NYSE:NSC) last released its quarterly earnings data on Wednesday, October 25th. The railroad operator reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.11. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.65 billion. Norfolk Souther Corporation had a return on equity of 14.72% and a net margin of 17.86%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. equities analysts predict that Norfolk Souther Corporation will post 6.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.61 per share. The ex-dividend date is Thursday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.91%. Norfolk Souther Corporation’s payout ratio is currently 38.36%.

Norfolk Souther Corporation declared that its board has authorized a share buyback plan on Tuesday, September 26th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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NSC has been the topic of several recent research reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $133.00 target price (down previously from $139.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. They noted that the move was a valuation call. Stephens reaffirmed an “overweight” rating and set a $140.00 target price (down previously from $147.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. BidaskClub cut Norfolk Souther Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $124.00 target price (up previously from $122.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $127.62.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction dated 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 transaction, the vice president now owns 4,000 shares in the company, valued at approximately $475,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Joseph Wheeler sold 3,568 shares of Norfolk Souther Corporation stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $133.00, for a total value of $474,544.00. Following the transaction, the chief operating officer now owns 15,837 shares of the company’s stock, valued at approximately $2,106,321. The disclosure for this sale can be found here. Insiders have sold a total of 6,238 shares of company stock valued at $791,456 in the last quarter. Company insiders own 0.36% of the company’s stock.

Norfolk Souther Corporation 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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