Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,546 shares of the railroad operator’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Norfolk Souther Corporation were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. boosted its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares during the period. MCF Advisors LLC boosted its position in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares during the period. Parallel Advisors LLC boosted its position in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Norfolk Souther Corporation during the first quarter valued at about $125,000. Hedge funds and other institutional investors own 70.51% of the company’s stock.

Shares of Norfolk Souther Corporation (NSC) traded up 0.8746% during trading on Wednesday, reaching $121.0899. 420,897 shares of the company’s stock were exchanged. Norfolk Souther Corporation has a 52-week low of $88.62 and a 52-week high of $125.31. The company has a market capitalization of $34.90 billion, a PE ratio of 19.6766 and a beta of 1.33. The company has a 50 day moving average price of $118.80 and a 200-day moving average price of $118.13.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business earned $1.36 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 2.03%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is currently 39.61%.

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NSC has been the topic of several recent research reports. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Wednesday, May 3rd. Deutsche Bank AG boosted their target price on Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Stifel Nicolaus boosted their target price on Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. TD Securities reissued a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Finally, ValuEngine raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities 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. The stock has an average rating of “Hold” and a consensus target price of $112.35.

In other news, VP Thomas E. Hurlbut sold 802 shares of Norfolk Souther Corporation stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the sale, the vice president now directly owns 4,300 shares in the company, valued at approximately $501,122. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently 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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