Livforsakringsbolaget Skandia Omsesidigt Has $181,000 Position in Norfolk Southern Co. (NYSE:NSC)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Norfolk Southern Co. (NYSE:NSC) by 72.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 767 shares of the railroad operator’s stock after acquiring an additional 321 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Norfolk Southern were worth $181,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Axiom Financial Strategies LLC raised its stake in Norfolk Southern by 9.2% during the first quarter. Axiom Financial Strategies LLC now owns 852 shares of the railroad operator’s stock worth $220,000 after buying an additional 72 shares during the last quarter. Fairfield Bush & CO. bought a new stake in shares of Norfolk Southern during the first quarter worth about $81,000. United Bank increased its position in shares of Norfolk Southern by 2.0% during the first quarter. United Bank now owns 7,581 shares of the railroad operator’s stock worth $2,162,000 after acquiring an additional 148 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Norfolk Southern by 4.6% during the first quarter. Cetera Investment Advisers now owns 8,640 shares of the railroad operator’s stock worth $2,464,000 after purchasing an additional 377 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Norfolk Southern by 13.3% during the first quarter. Sequoia Financial Advisors LLC now owns 1,946 shares of the railroad operator’s stock worth $555,000 after purchasing an additional 228 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NSC shares. The Goldman Sachs Group boosted their price target on shares of Norfolk Southern from $252.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Citigroup boosted their price target on shares of Norfolk Southern from $253.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $270.00 target price on shares of Norfolk Southern in a research note on Wednesday, April 10th. Susquehanna dropped their target price on shares of Norfolk Southern from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Finally, TheStreet upgraded shares of Norfolk Southern from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $262.74.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $240.12 on Friday. The company’s fifty day moving average price is $253.23 and its 200-day moving average price is $230.45. The firm has a market capitalization of $59.12 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 3.25 and a beta of 1.30. Norfolk Southern Co. has a one year low of $183.09 and a one year high of $263.66. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.24 and a quick ratio of 1.14.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Friday, January 26th. The railroad operator reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.04). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. Norfolk Southern’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.42 EPS. On average, equities research analysts anticipate that Norfolk Southern Co. will post 11.98 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 2nd were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, February 1st. Norfolk Southern’s payout ratio is 67.33%.

Norfolk Southern 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.