Dupont Capital Management Corp trimmed its holdings in Norfolk Souther Corporation (NYSE:NSC) by 89.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,337 shares of the railroad operator’s stock after selling 11,204 shares during the quarter. Dupont Capital Management Corp’s holdings in Norfolk Souther Corporation were worth $163,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Pillar Pacific Capital Management LLC raised its holdings in Norfolk Souther Corporation by 0.9% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 58,450 shares of the railroad operator’s stock worth $6,544,000 after purchasing an additional 520 shares during the last quarter. Lee Danner & Bass Inc. raised its holdings in Norfolk Souther Corporation by 0.3% during the 1st quarter. Lee Danner & Bass Inc. now owns 2,292 shares of the railroad operator’s stock worth $257,000 after purchasing an additional 7 shares during the last quarter. Israel Discount Bank of New York bought a new stake in Norfolk Souther Corporation during the 1st quarter worth about $456,000. Commerzbank Aktiengesellschaft FI raised its holdings in Norfolk Souther Corporation by 11.5% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 8,326 shares of the railroad operator’s stock worth $932,000 after purchasing an additional 856 shares during the last quarter. Finally, Tyers Asset Management LLC raised its holdings in Norfolk Souther Corporation by 78.6% during the 1st quarter. Tyers Asset Management LLC now owns 17,344 shares of the railroad operator’s stock worth $1,942,000 after purchasing an additional 7,632 shares during the last quarter. 70.64% of the stock is owned by institutional investors and hedge funds.

WARNING: This piece of content was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/11/norfolk-souther-corporation-nsc-shares-sold-by-dupont-capital-management-corp.html.

Norfolk Souther Corporation (NSC) opened at 123.92 on Monday. The company has a 50 day moving average price of $117.91 and a 200 day moving average price of $118.07. The firm has a market capitalization of $35.71 billion, a price-to-earnings ratio of 20.14 and a beta of 1.32. 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 issued its earnings results on Wednesday, July 26th. The railroad operator reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.64 billion. Norfolk Souther Corporation had a return on equity of 14.45% and a net margin of 17.66%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. Analysts anticipate that Norfolk Souther Corporation will post $6.32 earnings per share 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 issued a $0.61 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.44 dividend on an annualized basis and a yield of 1.97%. Norfolk Souther Corporation’s payout ratio is currently 39.61%.

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

Several brokerages have weighed in on NSC. ValuEngine raised Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada reissued a “sell” rating and set a $117.00 price objective on shares of Norfolk Souther Corporation in a report on Tuesday, August 29th. UBS AG reissued a “buy” rating and set a $133.00 price objective on shares of Norfolk Souther Corporation in a report on Monday, August 14th. BidaskClub raised Norfolk Souther Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Wolfe Research raised Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Monday, August 7th. Four research analysts have rated the stock with a sell rating, fifteen have assigned 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.

Norfolk Souther Corporation 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.

Want to see what other hedge funds are holding NSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norfolk Souther Corporation (NYSE:NSC).

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

Receive News & Stock Ratings for Norfolk Souther Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Souther Corporation and related stocks with our FREE daily email newsletter.