CSX Corp. (CSX) Stake Reduced by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC reduced its stake in shares of CSX Corp. (NASDAQ:CSX) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 20,312 shares of the company’s stock after selling 958 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in CSX Corp. were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Community Bank of Raymore raised its stake in shares of CSX Corp. by 2.5% in the second quarter. Community Bank of Raymore now owns 741,373 shares of the company’s stock worth $19,328,000 after buying an additional 18,400 shares during the last quarter. Legal & General Group Plc raised its stake in shares of CSX Corp. by 1.6% in the first quarter. Legal & General Group Plc now owns 4,290,750 shares of the company’s stock valued at $110,488,000 after buying an additional 66,790 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of CSX Corp. during the first quarter valued at $454,000. Capital Analysts LLC raised its stake in shares of CSX Corp. by 241.5% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock valued at $711,000 after buying an additional 5,351 shares in the last quarter. Finally, Simmons Bank purchased a new stake in shares of CSX Corp. during the first quarter valued at $329,000. 68.64% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for CSX Corp. (NASDAQ:CSX)

CSX Corp. (NASDAQ:CSX) traded down 0.05% on Monday, hitting $31.01. The company’s stock had a trading volume of 6,586,874 shares. The company has a market capitalization of $29.34 billion, a P/E ratio of 16.93 and a beta of 1.23. The company has a 50 day moving average price of $29.58 and a 200-day moving average price of $27.52. CSX Corp. has a 1-year low of $21.33 and a 1-year high of $31.73.

CSX Corp. (NASDAQ:CSX) last posted its earnings results on Wednesday, October 12th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The company had revenue of $2.71 billion for the quarter. CSX Corp. had a net margin of 15.93% and a return on equity of 14.79%. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. On average, equities analysts forecast that CSX Corp. will post $1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.72 annualized dividend and a yield of 2.32%. CSX Corp.’s dividend payout ratio (DPR) is presently 40.00%.

Several analysts recently weighed in on CSX shares. Citigroup Inc. reissued a “buy” rating and issued a $29.00 price objective on shares of CSX Corp. in a report on Thursday, July 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of CSX Corp. in a report on Friday, July 15th. Argus reissued a “buy” rating and issued a $35.00 price objective on shares of CSX Corp. in a report on Friday, July 15th. Bank of America Corp. reissued a “buy” rating and issued a $32.00 price objective on shares of CSX Corp. in a report on Monday, September 12th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of CSX Corp. in a report on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.75.

In related news, President Clarence W. Gooden sold 16,129 shares of the firm’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $31.00, for a total transaction of $499,999.00. Following the sale, the president now directly owns 127,954 shares in the company, valued at $3,966,574. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Clarence W. Gooden sold 17,332 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $29.44, for a total transaction of $510,254.08. Following the sale, the president now owns 127,954 shares in the company, valued at $3,766,965.76. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

About CSX Corp.

CSX Corporation, together with its subsidiaries, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves three lines of business, such as merchandise business, coal business and intermodal business.

5 Day Chart for NASDAQ:CSX

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