Yukon Wealth Management Inc. Buys New Shares in Norfolk Southern Corporation $NSC

Yukon Wealth Management Inc. bought a new position in Norfolk Southern Corporation (NYSE:NSC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,854 shares of the railroad operator’s stock, valued at approximately $2,471,000. Norfolk Southern comprises 0.7% of Yukon Wealth Management Inc.’s portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in shares of Norfolk Southern in the third quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Norfolk Southern in the second quarter valued at approximately $26,000. BNP Paribas acquired a new position in Norfolk Southern in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in Norfolk Southern during the 2nd quarter worth approximately $27,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Norfolk Southern in the second quarter worth $31,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Trading Down 1.5%

Shares of Norfolk Southern stock opened at $347.32 on Friday. The firm has a 50-day simple moving average of $331.90 and a two-hundred day simple moving average of $314.78. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.73 and a current ratio of 0.83. Norfolk Southern Corporation has a fifty-two week low of $268.23 and a fifty-two week high of $358.60. The company has a market cap of $78.01 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 5.29 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.20. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%.The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the business earned $3.29 EPS. Norfolk Southern’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that Norfolk Southern Corporation will post 12.74 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Friday, August 7th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 7th. Norfolk Southern’s dividend payout ratio (DPR) is presently 46.08%.

Analyst Ratings Changes

Several research firms have commented on NSC. Wall Street Zen raised shares of Norfolk Southern from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Benchmark reaffirmed a “hold” rating on shares of Norfolk Southern in a report on Friday, July 24th. Evercore set a $358.00 price target on Norfolk Southern in a research report on Thursday, July 23rd. Robert W. Baird boosted their price target on Norfolk Southern from $360.00 to $377.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $348.00.

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.