Addison Advisors LLC Buys 150 Shares of Norfolk Southern Co. (NYSE:NSC)

Addison Advisors LLC increased its stake in Norfolk Southern Co. (NYSE:NSC) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 957 shares of the railroad operator’s stock after purchasing an additional 150 shares during the period. Addison Advisors LLC’s holdings in Norfolk Southern were worth $225,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSC. Highline Wealth Partners LLC bought a new stake in shares of Norfolk Southern during the third quarter worth $25,000. Financial Life Planners acquired a new stake in Norfolk Southern in the fourth quarter worth about $27,000. Keystone Financial Group Inc. bought a new stake in Norfolk Southern during the 4th quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new position in Norfolk Southern during the 4th quarter valued at about $27,000. Finally, Morse Asset Management Inc bought a new position in shares of Norfolk Southern in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

Insiders Place Their Bets

In other Norfolk Southern news, Director Gilbert H. Lamphere purchased 607 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $259.86 per share, with a total value of $157,735.02. Following the transaction, the director now directly owns 2,487 shares of the company’s stock, valued at $646,271.82. This represents a 32.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameh Fahmy acquired 350 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought 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 $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NSC. Wells Fargo & Company dropped their price target on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Benchmark reissued a “buy” rating and issued a $285.00 price target on shares of Norfolk Southern in a research note on Thursday, January 30th. Barclays raised their price target on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna dropped their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Stephens raised their target price on Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.11.

Norfolk Southern Stock Down 1.6 %

Shares of NSC stock opened at $243.75 on Tuesday. Norfolk Southern Co. has a 12-month low of $206.71 and a 12-month high of $277.60. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average of $245.47 and a 200-day moving average of $250.79. The company has a market capitalization of $55.19 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.31 and a beta of 1.35.

Norfolk Southern (NYSE:NSC) last released its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. As a group, equities research analysts predict that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, February 7th. Norfolk Southern’s payout ratio is 46.71%.

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.