Cornell Pochily Investment Advisors Inc. Has $535,000 Stock Position in Norfolk Southern Co. (NYSE:NSC)

Cornell Pochily Investment Advisors Inc. lessened its stake in Norfolk Southern Co. (NYSE:NSC) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,282 shares of the railroad operator’s stock after selling 79 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Norfolk Southern were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Highline Wealth Partners LLC bought a new position in Norfolk Southern in the 3rd quarter valued at $25,000. Morse Asset Management Inc acquired a new position in shares of Norfolk Southern during the third quarter valued at $30,000. HWG Holdings LP bought a new position in Norfolk Southern in the second quarter valued at about $31,000. Coastline Trust Co acquired a new stake in Norfolk Southern in the third quarter worth about $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in Norfolk Southern in the third quarter worth about $33,000. 75.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy purchased 350 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $249.37 per share, with a total value of $87,279.50. Following the transaction, the director now directly owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This represents a 3.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Performance

NSC opened at $254.91 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. The company has a market capitalization of $57.67 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 2.29 and a beta of 1.34. The business’s 50-day moving average price is $249.61 and its two-hundred day moving average price is $248.15. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NSC shares. TD Cowen raised their target price on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein lifted their target price on shares of Norfolk Southern from $285.00 to $286.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Loop Capital upped their price objective on Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Stephens restated an “equal weight” rating and set a $263.00 target price on shares of Norfolk Southern in a 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’s stock. Based on data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and a consensus price target of $275.68.

About Norfolk Southern

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.