VCI Wealth Management LLC Acquires 1,791 Shares of Norfolk Southern Co. (NYSE:NSC)

VCI Wealth Management LLC raised its holdings in Norfolk Southern Co. (NYSE:NSC) by 39.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,290 shares of the railroad operator’s stock after purchasing an additional 1,791 shares during the quarter. VCI Wealth Management LLC’s holdings in Norfolk Southern were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. W Advisors LLC raised its stake in Norfolk Southern by 39.0% in the fourth quarter. W Advisors LLC now owns 2,101 shares of the railroad operator’s stock valued at $493,000 after buying an additional 590 shares during the period. Lebenthal Global Advisors LLC bought a new position in shares of Norfolk Southern during the fourth quarter worth approximately $544,000. Foundations Investment Advisors LLC increased its stake in shares of Norfolk Southern by 3.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,075 shares of the railroad operator’s stock worth $487,000 after purchasing an additional 64 shares during the period. Parsons Capital Management Inc. RI increased its stake in shares of Norfolk Southern by 12.2% during the fourth quarter. Parsons Capital Management Inc. RI now owns 2,191 shares of the railroad operator’s stock worth $514,000 after purchasing an additional 238 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Norfolk Southern by 10.3% during the fourth quarter. Pacer Advisors Inc. now owns 18,674 shares of the railroad operator’s stock worth $4,383,000 after purchasing an additional 1,738 shares during the period. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Trading Up 2.0 %

Shares of NSC stock opened at $259.70 on Tuesday. The stock’s fifty day moving average price is $249.61 and its two-hundred day moving average price is $248.15. The company has a market cap of $58.76 billion, a PE ratio of 24.39, a P/E/G ratio of 2.29 and a beta of 1.34. Norfolk Southern Co. has a fifty-two week low of $206.71 and a fifty-two week high of $277.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.65 and a current ratio of 0.73.

Insider Activity at Norfolk Southern

In other news, Director Sameh Fahmy acquired 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $249.37 per share, with a total value of $87,279.50. Following the acquisition, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. The trade was a 3.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Norfolk Southern from $283.00 to $288.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Norfolk Southern from $272.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Benchmark increased their target price on Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their target price on Norfolk Southern from $241.00 to $245.00 and gave the stock a “hold” rating in a research note on Friday, October 11th. Finally, Barclays raised their price objective on Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Norfolk Southern has an average rating of “Moderate Buy” and an average target price of $275.68.

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.