Atria Wealth Solutions Inc. Sells 1,225 Shares of Norfolk Southern Corporation $NSC

Key Points

• Atria Wealth Solutions Inc. has decreased its holdings in Norfolk Southern Corporation by 20.3%, selling 1,225 shares and holding a total of 4,808 shares valued at approximately $1,239,000.
• The company reported earnings of $3.29 per share for the last quarter, surpassing estimates and generating revenue of $3.11 billion.
• A quarterly dividend of $1.35 was recently declared, marking an annualized dividend of $5.40 with a yield of 1.9%.

Atria Wealth Solutions Inc. reduced its holdings in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 20.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,808 shares of the railroad operator's stock after selling 1,225 shares during the period. Atria Wealth Solutions Inc.'s holdings in Norfolk Southern were worth $1,239,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Norfolk Southern by 1.2% during the first quarter. Vanguard Group Inc. now owns 20,321,359 shares of the railroad operator's stock worth $4,813,114,000 after acquiring an additional 232,195 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Norfolk Southern by 31.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,319,010 shares of the railroad operator's stock worth $2,680,910,000 after purchasing an additional 2,710,930 shares during the last quarter. Boston Partners raised its stake in shares of Norfolk Southern by 3.4% during the 1st quarter. Boston Partners now owns 4,159,070 shares of the railroad operator's stock worth $983,161,000 after purchasing an additional 138,678 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Norfolk Southern by 0.7% in the 1st quarter. EdgePoint Investment Group Inc. now owns 3,998,335 shares of the railroad operator's stock valued at $947,006,000 after buying an additional 29,753 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Norfolk Southern by 6.4% in the first quarter. American Century Companies Inc. now owns 3,128,102 shares of the railroad operator's stock valued at $740,891,000 after buying an additional 189,076 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Trading Down 0.4%

Shares of NYSE:NSC opened at $288.46 on Friday. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $302.24. The business has a 50 day moving average of $284.94 and a 200-day moving average of $259.41. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The stock has a market cap of $64.79 billion, a PE ratio of 19.49, a P/E/G ratio of 2.60 and a beta of 1.33.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern's payout ratio is presently 36.49%.

Analyst Ratings Changes

NSC has been the subject of a number of recent analyst reports. Sanford C. Bernstein increased their price target on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Norfolk Southern from $290.00 to $354.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Evercore ISI raised their target price on shares of Norfolk Southern from $289.00 to $298.00 in a research note on Thursday, September 25th. Jefferies Financial Group reissued a "hold" rating and set a $300.00 price target on shares of Norfolk Southern in a research report on Friday, July 25th. Finally, Loop Capital upped their price objective on Norfolk Southern from $235.00 to $278.00 and gave the company a "hold" rating in a research note on Tuesday, September 16th. Eight analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, Norfolk Southern currently has an average rating of "Hold" and an average target price of $293.80.

About Norfolk Southern

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.

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