1,317 Shares in Norfolk Southern Co. (NYSE:NSC) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC acquired a new stake in Norfolk Southern Co. (NYSE:NSC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,317 shares of the railroad operator's stock, valued at approximately $309,000.

A number of other hedge funds also recently made changes to their positions in NSC. Norges Bank acquired a new stake in Norfolk Southern during the 4th quarter valued at $547,575,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Norfolk Southern by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator's stock worth $2,020,318,000 after buying an additional 918,559 shares during the last quarter. Boston Partners grew its stake in Norfolk Southern by 16.9% in the 4th quarter. Boston Partners now owns 4,020,392 shares of the railroad operator's stock valued at $945,385,000 after buying an additional 580,293 shares during the last quarter. Amundi raised its holdings in Norfolk Southern by 56.4% in the 4th quarter. Amundi now owns 1,302,635 shares of the railroad operator's stock valued at $308,607,000 after acquiring an additional 469,558 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Norfolk Southern in the 4th quarter valued at about $105,225,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Price Performance

NYSE:NSC traded down $2.30 during trading hours on Tuesday, hitting $219.98. The company's stock had a trading volume of 141,896 shares, compared to its average volume of 1,232,307. 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 company has a market capitalization of $49.59 billion, a P/E ratio of 19.03, a PEG ratio of 2.31 and a beta of 1.30. Norfolk Southern Co. has a twelve month low of $201.63 and a twelve month high of $277.60. The stock has a fifty day simple moving average of $227.57 and a 200-day simple moving average of $243.69.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.03). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.01 billion. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $2.49 earnings per share. On average, analysts anticipate that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 2nd will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is 36.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSC. Citigroup decreased their target price on Norfolk Southern from $298.00 to $259.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Loop Capital cut Norfolk Southern from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $289.00 to $256.00 in a research report on Monday, February 3rd. Royal Bank of Canada reduced their target price on shares of Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Evercore ISI lowered their price target on shares of Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern from $284.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of "Moderate Buy" and a consensus price target of $266.10.

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.