Vestor Capital LLC decreased its stake in shares of Norfolk Souther Corporation (NYSE:NSC) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,702 shares of the railroad operator’s stock after selling 1,109 shares during the quarter. Norfolk Souther Corporation comprises about 2.3% of Vestor Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Vestor Capital LLC’s holdings in Norfolk Souther Corporation were worth $10,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in NSC. BlackRock Inc. increased its holdings in shares of Norfolk Souther Corporation by 3,039.1% in the 1st quarter. BlackRock Inc. now owns 19,551,432 shares of the railroad operator’s stock worth $2,189,172,000 after purchasing an additional 18,928,598 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Norfolk Souther Corporation by 17.1% in the 2nd quarter. Lazard Asset Management LLC now owns 6,343,533 shares of the railroad operator’s stock worth $772,007,000 after purchasing an additional 925,496 shares in the last quarter. FMR LLC increased its holdings in shares of Norfolk Souther Corporation by 13.0% in the 2nd quarter. FMR LLC now owns 6,618,986 shares of the railroad operator’s stock worth $805,530,000 after purchasing an additional 762,416 shares in the last quarter. Investec Asset Management LTD increased its holdings in shares of Norfolk Souther Corporation by 83.8% in the 2nd quarter. Investec Asset Management LTD now owns 1,521,453 shares of the railroad operator’s stock worth $185,161,000 after purchasing an additional 693,463 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Norfolk Souther Corporation by 1,659.5% in the 2nd quarter. Janus Henderson Group PLC now owns 683,553 shares of the railroad operator’s stock worth $83,189,000 after purchasing an additional 644,703 shares in the last quarter. Institutional investors and hedge funds own 71.63% of the company’s stock.

Norfolk Souther Corporation (NSC) traded up $2.03 during trading hours on Wednesday, hitting $129.10. The company had a trading volume of 1,049,400 shares, compared to its average volume of 1,764,956. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $36,360.93, a P/E ratio of 19.98, a P/E/G ratio of 1.64 and a beta of 1.37. Norfolk Souther Corporation has a 12 month low of $102.77 and a 12 month high of $134.52.

Norfolk Souther Corporation (NYSE:NSC) last posted its earnings results on Wednesday, October 25th. The railroad operator reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.65 billion. Norfolk Souther Corporation had a return on equity of 14.72% and a net margin of 17.86%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. equities research analysts predict that Norfolk Souther Corporation will post 6.48 earnings per share for the current year.

Norfolk Souther Corporation announced that its Board of Directors has authorized a stock buyback program on Tuesday, September 26th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 3rd will be given a $0.61 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.89%. Norfolk Souther Corporation’s dividend payout ratio is currently 38.36%.

In other Norfolk Souther Corporation news, COO Michael Joseph Wheeler sold 3,568 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $133.00, for a total transaction of $474,544.00. Following the sale, the chief operating officer now directly owns 15,837 shares of the company’s stock, valued at $2,106,321. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Hurlbut sold 300 shares of the business’s 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 sale, the vice president now directly owns 4,000 shares in the company, valued at $475,200. The disclosure for this sale can be found here. Insiders sold 6,238 shares of company stock worth $791,456 over the last quarter. 0.36% of the stock is owned by company insiders.

Several brokerages recently commented on NSC. Zacks Investment Research lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BMO Capital Markets lifted their price objective on Norfolk Souther Corporation from $127.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, October 26th. TD Securities lifted their price objective on Norfolk Souther Corporation from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. ValuEngine lowered Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Aegis reaffirmed a “hold” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Norfolk Souther Corporation in a report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Norfolk Souther Corporation presently has a consensus rating of “Hold” and an average price target of $127.62.

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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.

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

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