Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Norfolk Southern Corp. (NYSE:NSC) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,047 shares of the railroad operator’s stock after acquiring an additional 2,482 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Norfolk Southern were worth $7,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Corient Capital Partners LLC lifted its holdings in shares of Norfolk Southern by 5.6% during the 1st quarter. Corient Capital Partners LLC now owns 3,994 shares of the railroad operator’s stock valued at $583,000 after acquiring an additional 211 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Norfolk Southern by 16.2% during the 1st quarter. First Trust Advisors LP now owns 335,242 shares of the railroad operator’s stock valued at $48,945,000 after acquiring an additional 46,688 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Norfolk Southern by 6.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 6,142 shares of the railroad operator’s stock valued at $897,000 after acquiring an additional 363 shares in the last quarter. J. W. Coons Advisors LLC acquired a new position in shares of Norfolk Southern during the 1st quarter valued at $270,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Norfolk Southern during the 1st quarter valued at $446,000. Institutional investors and hedge funds own 68.44% of the company’s stock.

NYSE NSC opened at $160.36 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 0.79. Norfolk Southern Corp. has a 1 year low of $112.62 and a 1 year high of $219.88. The company has a fifty day simple moving average of $158.42 and a 200 day simple moving average of $182.55. The company has a market cap of $41.08 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.76 and a beta of 1.38.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, April 29th. The railroad operator reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.33. Norfolk Southern had a net margin of 21.89% and a return on equity of 18.12%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the firm earned $2.51 EPS. The business’s revenue was down 7.6% on a year-over-year basis. Equities research analysts forecast that Norfolk Southern Corp. will post 9.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, May 7th. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.36%.

Several equities research analysts recently issued reports on the stock. Susquehanna Bancshares dropped their price target on shares of Norfolk Southern from $247.00 to $189.00 and set a “positive” rating on the stock in a research note on Wednesday, April 8th. Wells Fargo & Co lifted their price target on shares of Norfolk Southern from $180.00 to $183.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group lifted their price target on shares of Norfolk Southern from $166.00 to $197.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays downgraded shares of Norfolk Southern from an “equal weight” rating to an “underweight” rating and set a $150.00 price target on the stock. in a research note on Friday, April 17th. Finally, Argus dropped their target price on shares of Norfolk Southern from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $189.23.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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