West Oak Capital LLC lowered its position in Norfolk Souther Corporation (NYSE:NSC) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 12,582 shares of the railroad operator’s stock after selling 56 shares during the period. West Oak Capital LLC’s holdings in Norfolk Souther Corporation were worth $1,531,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. D Orazio & Associates Inc. increased 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 worth $100,000 after buying an additional 4 shares in the last quarter. Lee Danner & Bass Inc. increased its position 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 worth $257,000 after buying an additional 7 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Norfolk Souther Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock worth $126,000 after buying an additional 8 shares in the last quarter. Signaturefd LLC increased its position in shares of Norfolk Souther Corporation by 0.8% in the first quarter. Signaturefd LLC now owns 2,351 shares of the railroad operator’s stock worth $263,000 after buying an additional 18 shares in the last quarter. Finally, Brown Advisory Securities LLC increased its position in shares of Norfolk Souther Corporation by 0.9% in the first quarter. Brown Advisory Securities LLC now owns 2,174 shares of the railroad operator’s stock worth $243,000 after buying an additional 19 shares in the last quarter. Institutional investors own 70.51% of the company’s stock.

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

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be issued a $0.61 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 annualized dividend and a yield of 2.03%. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

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A number of equities analysts have issued reports on the company. Scotiabank downgraded Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Tuesday, June 27th. UBS AG reiterated a “buy” rating and set a $138.00 price target (up previously from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. Stifel Nicolaus increased their price target 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. Finally, 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 research report on Monday, August 7th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $112.35.

In related news, VP Thomas E. Hurlbut sold 802 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $116.54, for a total value of $93,465.08. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate 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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