111 Capital Makes New Investment in Norfolk Southern Co. (NYSE:NSC)

111 Capital acquired a new position in Norfolk Southern Co. (NYSE:NSC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,002 shares of the railroad operator's stock, valued at approximately $939,000.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Norfolk Southern in the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $28,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Norfolk Southern during the 4th quarter worth approximately $28,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Norfolk Southern from $265.00 to $247.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their price objective on shares of Norfolk Southern from $260.00 to $270.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Royal Bank of Canada dropped their price objective on shares of Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Norfolk Southern from $284.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Evercore ISI dropped their price objective 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $266.70.

Norfolk Southern Stock Performance

Norfolk Southern stock traded up $0.81 during midday trading on Friday, hitting $247.11. 2,785,760 shares of the company's stock were exchanged, compared to its average volume of 1,223,783. Norfolk Southern Co. has a 12-month low of $201.63 and a 12-month high of $277.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a market cap of $55.71 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. The firm's 50 day simple moving average is $228.16 and its 200 day simple moving average is $241.28.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted 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 firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.01 billion. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $2.49 earnings per share. Equities research analysts predict that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 2nd were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.40 annualized dividend and a yield of 2.19%. Norfolk Southern's dividend payout ratio is currently 36.89%.

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.