Citizens Financial Group Inc RI decreased its holdings in shares of Norfolk Souther Corporation (NYSE:NSC) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,399 shares of the railroad operator’s stock after selling 118 shares during the period. Citizens Financial Group Inc RI’s holdings in Norfolk Souther Corporation were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. South State Corp grew its position in Norfolk Souther Corporation by 45.2% during the second quarter. South State Corp now owns 3,696 shares of the railroad operator’s stock worth $451,000 after buying an additional 1,150 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Norfolk Souther Corporation by 15.0% in the 2nd quarter. Stephens Inc. AR now owns 11,580 shares of the railroad operator’s stock valued at $1,409,000 after acquiring an additional 1,512 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Norfolk Souther Corporation by 0.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 26,296 shares of the railroad operator’s stock valued at $3,201,000 after acquiring an additional 109 shares in the last quarter. Dai Ichi Life Insurance Company Ltd raised its holdings in shares of Norfolk Souther Corporation by 24.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 44,816 shares of the railroad operator’s stock valued at $5,454,000 after acquiring an additional 8,811 shares in the last quarter. Finally, Financial Counselors Inc. raised its holdings in shares of Norfolk Souther Corporation by 1.9% in the 2nd quarter. Financial Counselors Inc. now owns 7,306 shares of the railroad operator’s stock valued at $889,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 70.60% of the company’s stock.

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Norfolk Souther Corporation (NYSE NSC) opened at 131.64 on Tuesday. The stock has a market cap of $37.94 billion, a P/E ratio of 21.39 and a beta of 1.38. The company’s 50-day moving average price is $124.38 and its 200-day moving average price is $119.07. Norfolk Souther Corporation has a one year low of $89.95 and a one year high of $133.81.

Norfolk Souther Corporation (NYSE:NSC) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Norfolk Souther Corporation’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Norfolk Souther Corporation will post $6.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 7th were issued a $0.61 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.44 annualized dividend and a dividend yield of 1.85%. Norfolk Souther Corporation’s dividend payout ratio (DPR) is presently 39.61%.

Norfolk Souther Corporation declared that its board has approved a share repurchase plan on Tuesday, September 26th that allows the company to buyback 50,000,000 outstanding shares. This buyback authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Several research analysts recently weighed in on NSC shares. Credit Suisse Group restated an “outperform” rating and issued a $133.00 price objective (down from $139.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 27th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “sell” rating and set a $117.00 target price on shares of Norfolk Souther Corporation in a research report on Tuesday, August 29th. ValuEngine upgraded shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG cut shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating and cut their price target for the stock from $132.00 to $104.00 in a research note on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $124.00 price target (up previously from $122.00) on shares of Norfolk Souther Corporation in a research note on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $112.50.

In related news, VP Thomas E. Hurlbut sold 300 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the transaction, the vice president now directly owns 4,000 shares in the company, valued at approximately $475,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James A. Squires sold 24,407 shares of the stock in a transaction dated 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 in the company, valued at $9,173,895.95. The disclosure for this sale can be found here. Insiders sold a total of 27,077 shares of company stock valued at $3,244,531 in the last 90 days. 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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