OneAscent Financial Services LLC Has $209,000 Stock Position in Norfolk Southern Corporation $NSC

OneAscent Financial Services LLC cut its holdings in Norfolk Southern Corporation (NYSE:NSC) by 75.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 697 shares of the railroad operator’s stock after selling 2,199 shares during the quarter. OneAscent Financial Services LLC’s holdings in Norfolk Southern were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSC. ORG Partners LLC boosted its stake in shares of Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. BNP Paribas acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $26,000. True Wealth Design LLC lifted its stake in Norfolk Southern by 423.8% in the 2nd quarter. True Wealth Design LLC now owns 110 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 89 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in Norfolk Southern by 68.9% in the 3rd quarter. Highline Wealth Partners LLC now owns 103 shares of the railroad operator’s stock valued at $31,000 after purchasing an additional 42 shares during the last quarter. Finally, NewSquare Capital LLC boosted its position in Norfolk Southern by 58.5% in the second quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $284.78 on Thursday. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The stock’s 50 day moving average is $290.09 and its 200-day moving average is $285.43. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $63.90 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 5.06 and a beta of 1.33.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, February 6th. This represents a $5.40 annualized dividend and a yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is 41.19%.

Insider Buying and Selling at Norfolk Southern

In other news, Director William Jr. Clyburn acquired 204 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average price of $294.79 per share, with a total value of $60,137.16. Following the acquisition, the director owned 405 shares in the company, valued at $119,389.95. The trade was a 101.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anil Bhatt sold 900 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $281.60, for a total transaction of $253,440.00. Following the transaction, the executive vice president owned 1,413 shares of the company’s stock, valued at $397,900.80. This represents a 38.91% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

NSC has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Norfolk Southern from $285.00 to $305.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Benchmark restated a “hold” rating on shares of Norfolk Southern in a research report on Monday, October 27th. Zacks Research downgraded Norfolk Southern from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. UBS Group reduced their price target on Norfolk Southern from $321.00 to $320.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Finally, Sanford C. Bernstein lowered their price objective on Norfolk Southern from $347.00 to $333.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $303.52.

About Norfolk Southern

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.