Mutual of Omaha Bank Wealth Management Has $383,000 Position in Norfolk Souther Corporation (NYSE:NSC)

Mutual of Omaha Bank Wealth Management cut its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,150 shares of the railroad operator’s stock after selling 102 shares during the period. Mutual of Omaha Bank Wealth Management’s holdings in Norfolk Souther Corporation were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PGGM Investments purchased a new position in Norfolk Souther Corporation during the second quarter worth approximately $31,607,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Norfolk Souther Corporation during the second quarter worth approximately $2,340,000. Northwest Wealth Management LLC purchased a new position in Norfolk Souther Corporation during the second quarter worth approximately $210,000. Gilbert & Cook Inc. purchased a new position in Norfolk Souther Corporation during the second quarter worth approximately $338,000. Finally, Private Bank & Trust Co. increased its position in Norfolk Souther Corporation by 9.5% in the second quarter. Private Bank & Trust Co. now owns 2,200 shares of the railroad operator’s stock worth $268,000 after buying an additional 190 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.

Shares of Norfolk Souther Corporation (NSC) traded down 1.29% during trading on Thursday, hitting $115.95. The stock had a trading volume of 637,784 shares. Norfolk Souther Corporation has a 52 week low of $87.97 and a 52 week high of $125.31. The stock’s 50 day moving average is $118.86 and its 200 day moving average is $118.14. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 18.84 and a beta of 1.33.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company posted $1.36 EPS. Norfolk Souther Corporation’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts expect that Norfolk Souther Corporation will post $6.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.

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A number of research analysts have commented on the company. BidaskClub raised Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday. Wolfe Research raised Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Monday. Cowen and Company reaffirmed an “outperform” rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Deutsche Bank AG downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $132.00 to $104.00 in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. Norfolk Souther Corporation has a consensus rating of “Hold” and an average price target of $112.17.

In related news, VP Thomas E. Hurlbut sold 802 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $116.54, for a total value of $93,465.08. Following the completion of the transaction, the vice president now owns 4,300 shares in the company, valued at approximately $501,122. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 1,427 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $116.92, for a total transaction of $166,844.84. Following the completion of the transaction, the vice president now owns 5,102 shares of the company’s stock, valued at approximately $596,525.84. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

About Norfolk Souther Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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