Daiwa Securities Group Inc. boosted its stake in Norfolk Souther Corporation (NYSE:NSC) by 9.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 68,600 shares of the railroad operator’s stock after buying an additional 5,650 shares during the period. Daiwa Securities Group Inc.’s holdings in Norfolk Souther Corporation were worth $8,349,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NSC. D Orazio & Associates Inc. boosted its stake in 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. Harbour Capital Advisors LLC boosted its stake in Norfolk Souther Corporation by 12,069.6% in the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after buying an additional 12,311 shares during the period. MCF Advisors LLC boosted its stake in 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 stake in 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. Finally, Parallel Advisors LLC boosted its stake in 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. Institutional investors own 70.63% of the company’s stock.

Norfolk Souther Corporation (NYSE NSC) opened at 119.40 on Wednesday. The firm has a market capitalization of $34.41 billion, a PE ratio of 19.40 and a beta of 1.33. The stock’s 50 day moving average is $118.32 and its 200-day moving average is $118.11. Norfolk Souther Corporation has a one year low of $89.92 and a one year high of $125.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.04%. Norfolk Souther Corporation’s payout ratio is 39.61%.

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Several research firms have recently weighed in on NSC. Cowen and Company reiterated an “outperform” rating and set a $130.00 price objective on shares of Norfolk Souther Corporation in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $124.00 price objective (up from $122.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Deutsche Bank AG cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $132.00 to $104.00 in a research report on Monday, July 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $139.00 price objective (up from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 13th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. Norfolk Souther Corporation currently has an average rating of “Hold” and an average target price of $112.59.

In other news, COO Michael Joseph Wheeler sold 2,370 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.68, for a total transaction of $281,271.60. Following the sale, the chief operating officer now owns 13,492 shares in the company, valued at $1,601,230.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman James A. Squires sold 24,407 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total value of $2,927,619.65. Following the sale, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. 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.

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

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