Norfolk Southern Corp. (NSC) Stake Increased by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC lifted its position in shares of Norfolk Southern Corp. (NYSE:NSC) by 50.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,703 shares of the railroad operator’s stock after acquiring an additional 1,572 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Norfolk Southern were worth $681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $104,000. Arcadia Investment Management Corp MI increased its holdings in shares of Norfolk Southern by 165.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock worth $121,000 after buying an additional 520 shares during the last quarter. Welch Investments LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $156,000. Avestar Capital LLC acquired a new stake in shares of Norfolk Southern during the 4th quarter worth approximately $171,000. Finally, Advantage Investment Management LLC increased its holdings in shares of Norfolk Southern by 43.6% during the 3rd quarter. Advantage Investment Management LLC now owns 1,363 shares of the railroad operator’s stock worth $180,000 after buying an additional 414 shares during the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.

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In other Norfolk Southern news, VP Thomas E. Hurlbut sold 467 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $150.17, for a total value of $70,129.39. Following the completion of the transaction, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $750,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Hurlbut sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $142.90, for a total transaction of $142,900.00. The disclosure for this sale can be found here. Insiders sold a total of 13,166 shares of company stock valued at $1,958,040 in the last three months. 0.36% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on NSC. Cleveland Research restated a “hold” rating on shares of Norfolk Southern in a report on Monday, January 15th. Loop Capital raised their price target on shares of Norfolk Southern to $144.00 and gave the stock a “sell” rating in a report on Friday, January 12th. Scotiabank upgraded shares of Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 price target for the company in a report on Friday, January 12th. Royal Bank of Canada restated a “sell” rating and set a $137.00 price target on shares of Norfolk Southern in a report on Tuesday, January 9th. Finally, Credit Suisse Group restated a “buy” rating and set a $177.00 price target on shares of Norfolk Southern in a report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $139.60.

Norfolk Southern Corp. (NYSE NSC) opened at $138.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.84 and a quick ratio of 0.76. Norfolk Southern Corp. has a 1 year low of $109.27 and a 1 year high of $157.15. The company has a market cap of $39,359.14, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 1.37 and a beta of 1.32.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, January 24th. The railroad operator reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.13. Norfolk Southern had a net margin of 51.22% and a return on equity of 14.16%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the company posted $1.42 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. equities research analysts forecast that Norfolk Southern Corp. will post 8.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 2nd were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, February 1st. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.61. Norfolk Southern’s dividend payout ratio (DPR) is currently 15.38%.

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About Norfolk Southern

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 Southern (NYSE:NSC)

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