Cincinnati Insurance Co. continued to hold its position in shares of Norfolk Souther Corporation (NYSE:NSC) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 264,400 shares of the railroad operator’s stock at the close of the second quarter. Cincinnati Insurance Co. owned 0.09% of Norfolk Souther Corporation worth $32,177,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NSC. D Orazio & Associates Inc. boosted its holdings in Norfolk Souther Corporation by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after purchasing an additional 4 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Norfolk Souther Corporation by 12,069.6% during the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock worth $102,000 after purchasing an additional 12,311 shares during the last quarter. MCF Advisors LLC boosted its holdings in Norfolk Souther Corporation by 31.4% during the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after purchasing an additional 227 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Norfolk Souther Corporation by 35.3% during the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after purchasing an additional 250 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Norfolk Souther Corporation by 29.2% during the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock worth $114,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 70.60% of the company’s stock.

In other Norfolk Souther Corporation news, Chairman James A. Squires sold 24,407 shares of Norfolk Souther Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the transaction, the chairman now owns 76,481 shares of the company’s stock, valued at $9,173,895.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $118.68, for a total transaction of $281,271.60. Following the transaction, the chief operating officer now directly owns 13,492 shares in the company, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. Insiders have sold 27,077 shares of company stock worth $3,244,531 in the last ninety days. Insiders own 0.36% of the company’s stock.

A number of research firms have weighed in on NSC. BidaskClub upgraded shares of Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Wolfe Research upgraded shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, August 7th. UBS AG reiterated a “buy” rating and issued a $133.00 target price on shares of Norfolk Souther Corporation in a research note on Monday, August 14th. Stifel Nicolaus reiterated a “hold” rating and issued a $124.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, September 12th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $130.00 target price on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $115.00.

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Shares of Norfolk Souther Corporation (NYSE:NSC) opened at 130.71 on Friday. The company’s 50-day moving average is $120.17 and its 200-day moving average is $118.29. Norfolk Souther Corporation has a 12-month low of $89.95 and a 12-month high of $131.32. The company has a market cap of $37.67 billion, a price-to-earnings ratio of 21.24 and a beta of 1.32.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly 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 the consensus estimate of $2.64 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts predict that Norfolk Souther Corporation will post $6.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 7th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

About Norfolk Souther Corporation

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.

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

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