Cobblestone Capital Advisors LLC NY Has $346,000 Holdings in Norfolk Southern Co. (NYSE:NSC)

Cobblestone Capital Advisors LLC NY boosted its stake in Norfolk Southern Co. (NYSE:NSC) by 7.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,393 shares of the railroad operator’s stock after buying an additional 93 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Norfolk Southern were worth $346,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NSC. Highline Wealth Partners LLC acquired a new position in shares of Norfolk Southern in the 3rd quarter worth approximately $25,000. 1620 Investment Advisors Inc. bought a new position in shares of Norfolk Southern during the 2nd quarter worth about $27,000. Financial Connections Group Inc. acquired a new stake in Norfolk Southern in the second quarter valued at approximately $31,000. HWG Holdings LP bought a new stake in shares of Norfolk Southern during the second quarter valued at approximately $31,000. Finally, Coastline Trust Co acquired a new position in shares of Norfolk Southern during the third quarter worth approximately $32,000. 75.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the sale, the chief executive officer now directly owns 35,045 shares in the company, valued at $8,970,819.10. This represents a 59.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sameh Fahmy purchased 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $2,550,000. The trade was a 11.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NSC. TD Cowen raised their price target on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and issued a $263.00 price target on shares of Norfolk Southern in a report on Wednesday, October 23rd. Citigroup upped their price objective on Norfolk Southern from $302.00 to $316.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Susquehanna increased their target price on shares of Norfolk Southern from $280.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price target on Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Trading Up 0.2 %

Shares of NSC opened at $275.85 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern Co. has a 1-year low of $206.71 and a 1-year high of $277.60. The company has a market capitalization of $62.41 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.62 and a beta of 1.30. The firm’s 50 day simple moving average is $256.63 and its 200 day simple moving average is $241.57.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business earned $2.65 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Norfolk Southern Co. will post 11.82 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 1st were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, November 1st. Norfolk Southern’s dividend payout ratio is currently 50.70%.

Norfolk Southern Company Profile

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.