Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 405 Shares of CSX Co. (NASDAQ:CSX)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in CSX Co. (NASDAQ:CSX) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,214 shares of the transportation company’s stock after selling 405 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in CSX were worth $1,417,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in CSX by 18.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 64,807,961 shares of the transportation company’s stock worth $2,246,893,000 after purchasing an additional 9,914,656 shares during the period. Capital International Investors lifted its holdings in shares of CSX by 14.3% during the 4th quarter. Capital International Investors now owns 40,353,078 shares of the transportation company’s stock worth $1,399,104,000 after acquiring an additional 5,041,679 shares during the period. Lazard Asset Management LLC boosted its position in shares of CSX by 10.4% during the 3rd quarter. Lazard Asset Management LLC now owns 29,191,044 shares of the transportation company’s stock valued at $897,624,000 after acquiring an additional 2,748,738 shares in the last quarter. Morgan Stanley increased its stake in CSX by 3.1% in the third quarter. Morgan Stanley now owns 24,340,514 shares of the transportation company’s stock valued at $748,471,000 after acquiring an additional 739,411 shares during the period. Finally, Fisher Asset Management LLC raised its position in CSX by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 22,378,276 shares of the transportation company’s stock worth $775,855,000 after purchasing an additional 470,640 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX Stock Up 1.3 %

Shares of NASDAQ CSX traded up $0.42 during trading hours on Friday, hitting $33.45. The company had a trading volume of 15,864,930 shares, compared to its average volume of 11,233,274. The stock has a market capitalization of $65.39 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. CSX Co. has a 1-year low of $29.03 and a 1-year high of $40.12. The firm’s 50 day moving average is $33.46 and its 200-day moving average is $35.13. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 1.42.

CSX (NASDAQ:CSX) last issued its earnings results on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. CSX had a net margin of 24.75% and a return on equity of 29.58%. CSX’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. On average, analysts expect that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s payout ratio is 26.37%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus lifted their target price on shares of CSX from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Wells Fargo & Company started coverage on CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price target for the company. Jefferies Financial Group dropped their price objective on CSX from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Finally, Susquehanna dropped their target price on shares of CSX from $44.00 to $40.00 and set a “positive” rating on the stock in a report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.59.

CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.