Trifecta Capital Advisors LLC Sells 175 Shares of Norfolk Southern Co. (NYSE:NSC)

Trifecta Capital Advisors LLC decreased its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the railroad operator’s stock after selling 175 shares during the period. Trifecta Capital Advisors LLC’s holdings in Norfolk Southern were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of Norfolk Southern by 662.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Operose Advisors LLC purchased a new stake in Norfolk Southern in the 3rd quarter worth $32,000. Orion Capital Management LLC bought a new stake in Norfolk Southern during the third quarter valued at about $32,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Norfolk Southern in the fourth quarter valued at about $32,000. Finally, Financial Connections Group Inc. bought a new position in shares of Norfolk Southern in the fourth quarter worth about $34,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NSC. Barclays lowered their price target on Norfolk Southern from $305.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. The Goldman Sachs Group raised their target price on shares of Norfolk Southern from $252.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Jefferies Financial Group started coverage on shares of Norfolk Southern in a report on Monday, April 8th. They issued a “buy” rating and a $300.00 price target on the stock. TD Cowen increased their price objective on shares of Norfolk Southern from $236.00 to $253.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Finally, UBS Group reduced their target price on Norfolk Southern from $302.00 to $294.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.89.

Norfolk Southern Trading Up 2.3 %

Shares of NSC traded up $4.79 during trading hours on Friday, reaching $214.69. 1,584,755 shares of the company traded hands, compared to its average volume of 1,129,521. The stock’s fifty day moving average price is $227.10 and its 200 day moving average price is $238.82. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37. The firm has a market cap of $48.50 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 1.98 and a beta of 1.31. Norfolk Southern Co. has a 12-month low of $183.09 and a 12-month high of $263.66.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.05 billion. Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. Norfolk Southern’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.32 earnings per share. Sell-side analysts forecast that Norfolk Southern Co. will post 11.88 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 3rd were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Thursday, May 2nd. Norfolk Southern’s dividend payout ratio is currently 86.96%.

Insider Transactions at Norfolk Southern

In other news, CMO Claude E. Elkins sold 8,329 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $228.43, for a total value of $1,902,593.47. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Norfolk Southern news, CMO Claude E. Elkins sold 8,329 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $228.43, for a total transaction of $1,902,593.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameh Fahmy acquired 2,000 shares of Norfolk Southern stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $219.25 per share, with a total value of $438,500.00. Following the completion of the purchase, the director now owns 7,000 shares in the company, valued at approximately $1,534,750. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Norfolk Southern 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.