United Services Automobile Association Has $16.91 Million Position in Norfolk Souther Corporation (NYSE:NSC)

United Services Automobile Association increased its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,982 shares of the railroad operator’s stock after buying an additional 1,353 shares during the period. United Services Automobile Association owned 0.05% of Norfolk Souther Corporation worth $16,905,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NSC. MCF Advisors LLC raised its stake in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Norfolk Souther Corporation during the first quarter worth approximately $125,000. State of Alaska Department of Revenue acquired a new stake in shares of Norfolk Souther Corporation during the first quarter worth approximately $168,000. Finally, Cowen Prime Services LLC acquired a new stake in shares of Norfolk Souther Corporation during the first quarter worth approximately $179,000. Institutional investors and hedge funds own 70.16% of the company’s stock.

Shares of Norfolk Souther Corporation (NSC) traded down 0.43% during mid-day trading on Wednesday, hitting $112.48. The stock had a trading volume of 2,227,692 shares. The stock has a 50 day moving average of $119.52 and a 200-day moving average of $118.08. Norfolk Souther Corporation has a 52 week low of $86.88 and a 52 week high of $125.31. The stock has a market capitalization of $32.41 billion, a P/E ratio of 18.28 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Norfolk Souther Corporation will post $6.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.61 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 2.17%. Norfolk Souther Corporation’s payout ratio is 39.61%.

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A number of equities research analysts have recently weighed in on NSC shares. TD Securities reaffirmed a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Deutsche Bank AG raised their price target on Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. UBS AG reaffirmed a “buy” rating and set a $138.00 price target (up from $135.00) on shares of Norfolk Souther Corporation in a research note on Friday, April 28th. Stifel Nicolaus raised their price target on Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, Zacks Investment Research raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $111.35.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 1,427 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $116.92, for a total transaction of $166,844.84. Following the sale, the vice president now owns 5,102 shares of the company’s stock, valued at approximately $596,525.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Hurlbut sold 802 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the sale, the vice president now directly owns 4,300 shares in the company, valued at approximately $501,122. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

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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