Norfolk Southern Corporation $NSC Position Trimmed by First National Bank of Mount Dora Trust Investment Services

by · The Markets Daily

First National Bank of Mount Dora Trust Investment Services trimmed its holdings in shares of Norfolk Southern Corporation (NYSE:NSC – Free Report) by 13.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,841 shares of the railroad operator’s stock after selling 278 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Norfolk Southern were worth $471,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NSC. WPG Advisers LLC bought a new stake in Norfolk Southern during the first quarter worth approximately $27,000. HWG Holdings LP bought a new stake in Norfolk Southern during the first quarter worth approximately $35,000. Physician Wealth Advisors Inc. boosted its holdings in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after buying an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern in the 1st quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after acquiring an additional 159 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NSC shares. Royal Bank Of Canada downgraded shares of Norfolk Southern from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Bank of America upped their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Benchmark downgraded shares of Norfolk Southern from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Citigroup upped their price target on shares of Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $293.80.

View Our Latest Research Report on Norfolk Southern

Norfolk Southern Stock Down 0.4%

NSC stock opened at $288.46 on Friday. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.60 and a beta of 1.33. The company has a 50 day moving average of $284.94 and a two-hundred day moving average of $259.41.

Norfolk Southern (NYSE:NSC – Get Free Report) last released its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were given a $1.35 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Norfolk Southern Profile

(Free Report)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

See Also

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