Jamison Private Wealth Management Inc. Purchases 260 Shares of Norfolk Southern Co. (NYSE:NSC)

Jamison Private Wealth Management Inc. boosted its position in Norfolk Southern Co. (NYSE:NSC) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,381 shares of the railroad operator’s stock after purchasing an additional 260 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Norfolk Southern were worth $4,314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of Norfolk Southern by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 255,200 shares of the railroad operator’s stock worth $63,417,000 after acquiring an additional 8,844 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Norfolk Southern by 20.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,428 shares of the railroad operator’s stock valued at $3,556,000 after purchasing an additional 2,453 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Norfolk Southern by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 533,459 shares of the railroad operator’s stock worth $132,565,000 after purchasing an additional 3,621 shares during the period. Pathway Financial Advisers LLC raised its position in shares of Norfolk Southern by 25,181.8% in the third quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock valued at $222,025,000 after purchasing an additional 889,925 shares during the period. Finally, Grandview Asset Management LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter worth about $918,000. Institutional investors own 75.10% of the company’s stock.

Insider Transactions at Norfolk Southern

In other news, Director Sameh Fahmy bought 350 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, with a total value of $87,279.50. Following the acquisition, the director now directly owns 10,350 shares in the company, valued at approximately $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Performance

NYSE:NSC opened at $254.91 on Friday. Norfolk Southern Co. has a twelve month low of $206.71 and a twelve month high of $277.60. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The stock’s 50-day simple moving average is $249.61 and its 200 day simple moving average is $247.68. The firm has a market capitalization of $57.67 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34.

Analysts Set New Price Targets

A number of brokerages recently commented on NSC. Royal Bank of Canada upped their price target on shares of Norfolk Southern from $272.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Barclays increased their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Benchmark upped their price objective on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Bank of America lifted their target price on Norfolk Southern from $276.00 to $291.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Norfolk Southern has a consensus 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.