Livforsakringsbolaget Skandia Omsesidigt Makes New $572,000 Investment in Norfolk Southern Corporation $NSC

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Norfolk Southern Corporation (NYSE:NSC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,818 shares of the railroad operator’s stock, valued at approximately $572,000.

Several other large investors have also recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in Norfolk Southern in the third quarter valued at $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Norfolk Southern during the 2nd quarter valued at about $26,000. BNP Paribas purchased a new position in shares of Norfolk Southern in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in Norfolk Southern in the 2nd quarter worth about $27,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Norfolk Southern during the second quarter worth approximately $31,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Norfolk Southern from $351.00 to $376.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. TD Cowen increased their target price on Norfolk Southern from $337.00 to $376.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Barclays lifted their price target on shares of Norfolk Southern from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Stephens upgraded shares of Norfolk Southern to a “hold” rating in a research report on Wednesday, July 8th. Finally, Susquehanna lifted their target price on shares of Norfolk Southern from $337.00 to $360.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $348.00.

Norfolk Southern Stock Up 0.2%

NYSE NSC opened at $348.67 on Friday. Norfolk Southern Corporation has a 52 week low of $268.23 and a 52 week high of $358.60. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $332.87 and its 200-day simple moving average is $315.01. The firm has a market cap of $78.31 billion, a PE ratio of 29.75, a P/E/G ratio of 5.23 and a beta of 1.27.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.20. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the firm posted $3.29 earnings per share. Norfolk Southern’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts anticipate that Norfolk Southern Corporation will post 12.74 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Friday, August 7th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 7th. Norfolk Southern’s dividend payout ratio (DPR) is currently 46.08%.

Norfolk Southern Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.