Norman Fields Gottscho Capital Management LLC Has $849,000 Holdings in Norfolk Southern Co. (NYSE:NSC)

Norman Fields Gottscho Capital Management LLC decreased its position in Norfolk Southern Co. (NYSE:NSCFree Report) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,330 shares of the railroad operator’s stock after selling 75 shares during the period. Norman Fields Gottscho Capital Management LLC’s holdings in Norfolk Southern were worth $849,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC boosted its position in shares of Norfolk Southern by 3.2% during the 3rd quarter. Lazard Asset Management LLC now owns 8,629,330 shares of the railroad operator’s stock valued at $1,699,371,000 after purchasing an additional 264,031 shares in the last quarter. Northern Trust Corp grew its position in shares of Norfolk Southern by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,073,839 shares of the railroad operator’s stock worth $605,331,000 after buying an additional 26,686 shares during the period. American Century Companies Inc. grew its position in shares of Norfolk Southern by 69.0% during the 3rd quarter. American Century Companies Inc. now owns 2,723,398 shares of the railroad operator’s stock worth $536,319,000 after buying an additional 1,112,261 shares during the period. Morgan Stanley lifted its position in shares of Norfolk Southern by 3.2% during the 3rd quarter. Morgan Stanley now owns 2,385,434 shares of the railroad operator’s stock valued at $469,764,000 after acquiring an additional 73,149 shares during the period. Finally, Norges Bank bought a new position in Norfolk Southern during the fourth quarter worth $556,797,000. Institutional investors own 75.10% of the company’s stock.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, CMO Claude E. Elkins sold 8,329 shares of Norfolk Southern stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $228.43, for a total transaction of $1,902,593.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Norfolk Southern news, Director Claude Mongeau purchased 5,650 shares of Norfolk Southern stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of $221.00 per share, for a total transaction of $1,248,650.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $4,420,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Claude E. Elkins sold 8,329 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $228.43, for a total value of $1,902,593.47. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NSC has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Norfolk Southern from $302.00 to $294.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada raised Norfolk Southern from a “sector perform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Thursday, May 23rd. Susquehanna reduced their price objective on Norfolk Southern from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Loop Capital upped their target price on Norfolk Southern from $261.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Barclays reduced their price target on shares of Norfolk Southern from $305.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $264.56.

Check Out Our Latest Analysis on NSC

Norfolk Southern Price Performance

Shares of NSC stock traded up $1.04 during trading hours on Wednesday, reaching $221.94. The stock had a trading volume of 801,174 shares, compared to its average volume of 941,763. The stock’s fifty day simple moving average is $231.37 and its 200 day simple moving average is $239.43. The firm has a market capitalization of $50.14 billion, a PE ratio of 35.74, a PEG ratio of 2.08 and a beta of 1.31. Norfolk Southern Co. has a 12 month low of $183.09 and a 12 month high of $263.66. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37.

Norfolk Southern (NYSE:NSCGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). Norfolk Southern had a net margin of 11.76% and a return on equity of 19.61%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the firm earned $3.32 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Norfolk Southern Co. will post 11.88 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 3rd were given a $1.35 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $5.40 annualized dividend and a yield of 2.43%. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

About Norfolk Southern

(Free Report)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

Further Reading

Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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