ORG Wealth Partners LLC Takes $63,000 Position in Norfolk Southern Co. (NYSE:NSC)

ORG Wealth Partners LLC bought a new position in shares of Norfolk Southern Co. (NYSE:NSC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 253 shares of the railroad operator’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Congress Asset Management Co. MA acquired a new stake in Norfolk Southern during the 4th quarter worth $213,000. MONECO Advisors LLC acquired a new position in shares of Norfolk Southern during the 4th quarter worth approximately $210,000. Nomura Holdings Inc. purchased a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $1,077,000. CWM LLC increased its holdings in shares of Norfolk Southern by 25.7% in the first quarter. CWM LLC now owns 7,603 shares of the railroad operator’s stock valued at $1,938,000 after purchasing an additional 1,554 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Norfolk Southern by 6.8% in the first quarter. GAMMA Investing LLC now owns 1,423 shares of the railroad operator’s stock valued at $363,000 after purchasing an additional 90 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Sanford C. Bernstein upped their target price on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. TD Cowen raised their price objective on shares of Norfolk Southern from $251.00 to $253.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Benchmark boosted their target price on shares of Norfolk Southern from $266.00 to $270.00 and gave the company a “buy” rating in a report on Monday, July 29th. Evercore ISI raised their price target on shares of Norfolk Southern from $265.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company upped their price objective on Norfolk Southern from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Norfolk Southern has an average rating of “Moderate Buy” and an average price target of $266.17.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, EVP Nabanita C. Nag sold 355 shares of Norfolk Southern stock in a transaction on Monday, July 29th. The shares were sold at an average price of $249.38, for a total value of $88,529.90. Following the transaction, the executive vice president now directly owns 1,488 shares in the company, valued at approximately $371,077.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Nabanita C. Nag sold 355 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $249.38, for a total transaction of $88,529.90. Following the completion of the sale, the executive vice president now owns 1,488 shares in the company, valued at $371,077.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard H. Anderson acquired 2,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $247.48 per share, for a total transaction of $494,960.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $742,440. The trade was a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by insiders.

Norfolk Southern Stock Up 0.2 %

Shares of Norfolk Southern stock opened at $254.33 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 1.30. Norfolk Southern Co. has a 52-week low of $183.09 and a 52-week high of $263.66. The company has a market capitalization of $57.46 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.33 and a beta of 1.31. The company has a 50 day moving average of $247.13 and a 200 day moving average of $236.65.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, July 25th. The railroad operator reported $3.06 EPS for the quarter, beating the consensus estimate of $2.86 by $0.20. Norfolk Southern had a return on equity of 19.64% and a net margin of 14.85%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the company posted $2.95 earnings per share. Norfolk Southern’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that Norfolk Southern Co. will post 11.79 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Friday, August 2nd were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is 86.96%.

About Norfolk Southern

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.