Advanced Asset Management Advisors Inc Has $3.33 Million Holdings in Norfolk Southern Co. (NYSE:NSC)

Advanced Asset Management Advisors Inc cut its position in Norfolk Southern Co. (NYSE:NSC) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,200 shares of the railroad operator’s stock after selling 60 shares during the quarter. Advanced Asset Management Advisors Inc’s holdings in Norfolk Southern were worth $3,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NSC. Mizuho Securities USA LLC boosted its holdings in Norfolk Southern by 18,831.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,298,000 shares of the railroad operator’s stock valued at $819,553,000 after purchasing an additional 3,280,579 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of Norfolk Southern by 25,181.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 893,459 shares of the railroad operator’s stock worth $222,025,000 after acquiring an additional 889,925 shares during the period. FMR LLC lifted its holdings in shares of Norfolk Southern by 48.4% during the 3rd quarter. FMR LLC now owns 2,702,344 shares of the railroad operator’s stock worth $671,532,000 after acquiring an additional 881,415 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Norfolk Southern during the 3rd quarter worth about $207,830,000. Finally, Holocene Advisors LP bought a new position in shares of Norfolk Southern during the 3rd quarter worth about $122,798,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Down 0.5 %

Shares of NYSE:NSC opened at $255.90 on Monday. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60. The company has a 50 day moving average of $245.35 and a 200-day moving average of $250.44. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a market cap of $57.89 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 2.32 and a beta of 1.35.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. On average, sell-side analysts forecast that Norfolk Southern Co. will post 13.02 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Friday, February 7th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, February 7th. Norfolk Southern’s dividend payout ratio is currently 46.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NSC shares. Stephens raised their price objective on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays raised their price objective on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup raised their price objective on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Bank of America lifted their price target on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average price target of $276.11.

Insider Activity at Norfolk Southern

In related news, Director Gilbert H. Lamphere purchased 607 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $259.86 per share, with a total value of $157,735.02. Following the completion of the purchase, the director now owns 2,487 shares in the company, valued at $646,271.82. This represents a 32.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sameh Fahmy purchased 350 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the purchase, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Norfolk Southern Company Profile

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.