Bancorpsouth Inc. reduced its stake in shares of Norfolk Souther Corporation (NYSE:NSC) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,908 shares of the railroad operator’s stock after selling 152 shares during the period. Bancorpsouth Inc.’s holdings in Norfolk Souther Corporation were worth $2,901,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NSC. MCF Advisors LLC raised its stake in Norfolk Souther Corporation by 31.4% in the first 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 raised its stake in Norfolk Souther Corporation by 35.3% in the first 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. Signature Estate & Investment Advisors LLC purchased a new stake in Norfolk Souther Corporation during the first quarter worth $125,000. State of Alaska Department of Revenue purchased a new stake in Norfolk Souther Corporation during the first quarter worth $168,000. Finally, Cowen Prime Services LLC purchased a new stake in Norfolk Souther Corporation during the first quarter worth $179,000. 70.16% of the stock is currently owned by institutional investors.

Norfolk Souther Corporation (NYSE:NSC) traded up 1.39% during mid-day trading on Thursday, hitting $113.43. 3,286,597 shares of the company traded hands. The company’s 50-day moving average price is $119.52 and its 200 day moving average price is $118.08. The company has a market capitalization of $32.69 billion, a price-to-earnings ratio of 18.44 and a beta of 1.33. Norfolk Souther Corporation has a one year low of $86.88 and a one year high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the business earned $1.36 earnings per share. Norfolk Souther Corporation’s revenue was up 7.5% on a year-over-year basis. On average, analysts anticipate that Norfolk Souther Corporation will post $6.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 7th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.

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NSC has been the topic of a number of research analyst reports. TD Securities reiterated a “hold” rating on shares of Norfolk Souther Corporation in a research note on Thursday, April 27th. Deutsche Bank AG raised their price target on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. UBS AG restated a “buy” rating and issued a $138.00 price target (up from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. Stifel Nicolaus raised their price target on shares of Norfolk Souther Corporation from $114.00 to $122.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Finally, Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Wednesday, May 3rd. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $111.35.

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

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

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