Acropolis Investment Management LLC lowered its position in Norfolk Souther Corporation (NYSE:NSC) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,635 shares of the railroad operator’s stock after selling 55 shares during the period. Acropolis Investment Management LLC’s holdings in Norfolk Souther Corporation were worth $686,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NSC. D Orazio & Associates Inc. raised its position in shares of Norfolk Souther Corporation by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock worth $100,000 after buying an additional 4 shares during the period. Lee Danner & Bass Inc. raised its position in shares of Norfolk Souther Corporation by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after buying an additional 7 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of Norfolk Souther Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,126 shares of the railroad operator’s stock worth $126,000 after buying an additional 8 shares during the period. Signaturefd LLC raised its position in shares of Norfolk Souther Corporation by 0.8% in the first quarter. Signaturefd LLC now owns 2,351 shares of the railroad operator’s stock worth $263,000 after buying an additional 18 shares during the period. Finally, Brown Advisory Securities LLC raised its position in shares of Norfolk Souther Corporation by 0.9% in the first quarter. Brown Advisory Securities LLC now owns 2,174 shares of the railroad operator’s stock worth $243,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

Shares of Norfolk Souther Corporation (NYSE NSC) traded down 1.283% during midday trading on Wednesday, hitting $118.855. 457,747 shares of the company’s stock traded hands. Norfolk Souther Corporation has a 52 week low of $89.92 and a 52 week high of $125.31. The stock has a market cap of $34.25 billion, a P/E ratio of 19.313 and a beta of 1.33. The company has a 50 day moving average of $118.61 and a 200 day moving average of $118.12.

Norfolk Souther Corporation (NYSE:NSC) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Norfolk Souther Corporation will post $6.32 EPS 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 paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.03%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.

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A number of brokerages have recently issued reports on NSC. Scotiabank lowered shares of Norfolk Souther Corporation from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Tuesday, June 27th. Stifel Nicolaus raised their target price 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. UBS AG restated a “buy” rating and set a $138.00 target price (up from $135.00) on shares of Norfolk Souther Corporation in a research report on Friday, April 28th. Finally, Wolfe Research upgraded shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Monday, August 7th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $112.35.

In related news, Chairman James A. Squires sold 24,407 shares of Norfolk Souther Corporation stock in a transaction 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 completion of the sale, the chairman now directly owns 76,481 shares of the company’s stock, valued at $9,173,895.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas E. Hurlbut sold 802 shares of Norfolk Souther Corporation stock in a transaction on Thursday, May 25th. The stock was 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 of the company’s stock, valued at $501,122. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Norfolk Souther Corporation Company Profile

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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