Norfolk Souther Corporation (NSC) Holdings Held by Texas Yale Capital Corp.

Texas Yale Capital Corp. held its stake in Norfolk Souther Corporation (NYSE:NSC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,166 shares of the railroad operator’s stock at the close of the 2nd quarter. Texas Yale Capital Corp.’s holdings in Norfolk Souther Corporation were worth $507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D Orazio & Associates Inc. lifted its holdings in shares of Norfolk Souther Corporation by 0.5% during the 1st quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after buying an additional 4 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Norfolk Souther Corporation by 12,069.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after buying an additional 12,311 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Norfolk Souther Corporation by 31.4% during the 1st quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock valued at $106,000 after buying an additional 227 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Norfolk Souther Corporation by 35.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock valued at $107,000 after buying an additional 250 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Norfolk Souther Corporation by 29.2% during the 1st quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

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In other news, Chairman James A. Squires sold 24,407 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $119.95, for a total transaction of $2,927,619.65. Following the transaction, the chairman now owns 76,481 shares in the company, valued at $9,173,895.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Joseph Wheeler sold 2,370 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $118.68, for a total value of $281,271.60. Following the transaction, the chief operating officer now owns 13,492 shares in the company, valued at approximately $1,601,230.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,077 shares of company stock worth $3,244,531. 0.36% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on the company. Cowen and Company reiterated an “outperform” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $124.00 price target (up from $122.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 27th. Zacks Investment Research lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $132.00 to $104.00 in a report on Monday, July 31st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $139.00 price target (up from $133.00) on shares of Norfolk Souther Corporation in a report on Thursday, July 13th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $113.88.

Norfolk Souther Corporation (NYSE NSC) opened at 126.58 on Wednesday. The firm has a 50-day moving average price of $118.15 and a 200 day moving average price of $118.04. The company has a market capitalization of $36.48 billion, a P/E ratio of 20.57 and a beta of 1.32. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $126.98.

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

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 7th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.93%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is currently 39.61%.

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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