Stratos Wealth Partners LTD. increased its position in Norfolk Souther Corporation (NYSE:NSC) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,404 shares of the railroad operator’s stock after buying an additional 1,079 shares during the period. Stratos Wealth Partners LTD.’s holdings in Norfolk Souther Corporation were worth $1,388,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. D Orazio & Associates Inc. raised its stake 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 valued at $100,000 after buying an additional 4 shares during the period. MCF Advisors LLC raised its stake in shares of 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 period. Parkside Financial Bank & Trust raised its stake in shares of 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 period. Parallel Advisors LLC raised its stake in shares of Norfolk Souther Corporation by 29.2% in the first 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 period. Finally, North Star Investment Management Corp. raised its stake in shares of Norfolk Souther Corporation by 5.0% in the second quarter. North Star Investment Management Corp. now owns 1,050 shares of the railroad operator’s stock valued at $128,000 after buying an additional 50 shares during the period. 70.63% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Souther Corporation (NSC) opened at 121.16 on Friday. The firm has a market cap of $34.92 billion, a P/E ratio of 19.69 and a beta of 1.32. The company’s 50-day moving average is $117.93 and its 200 day moving average is $118.06. Norfolk Souther Corporation has a 12 month low of $89.92 and a 12 month high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last released its earnings results 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 firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts expect that Norfolk Souther Corporation will post $6.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is presently 39.61%.

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Several brokerages have issued reports on NSC. BidaskClub raised shares of Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday. Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Monday, August 7th. UBS AG reissued a “buy” rating and issued a $133.00 price target on shares of Norfolk Souther Corporation in a report on Monday, August 14th. Finally, Cowen and Company reissued an “outperform” rating and issued a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $112.59.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $118.80, for a total value of $35,640.00. Following the transaction, the vice president now owns 4,000 shares in the company, valued at $475,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman James A. Squires sold 24,407 shares of Norfolk Souther Corporation stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $119.95, for a total value of $2,927,619.65. Following the completion of the transaction, the chairman now owns 76,481 shares in the company, valued at approximately $9,173,895.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,077 shares of company stock worth $3,244,531. Company insiders own 0.36% of the company’s stock.

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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