Norfolk Southern Co. (NYSE:NSC) Shares Bought by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. increased its holdings in shares of Norfolk Southern Co. (NYSE:NSC - Free Report) by 29.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,539 shares of the railroad operator's stock after acquiring an additional 2,400 shares during the period. Beese Fulmer Investment Management Inc.'s holdings in Norfolk Southern were worth $2,496,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Somerset Trust Co raised its holdings in Norfolk Southern by 4.1% during the first quarter. Somerset Trust Co now owns 17,396 shares of the railroad operator's stock worth $4,120,000 after purchasing an additional 692 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of Norfolk Southern by 2.5% in the first quarter. BTC Capital Management Inc. now owns 37,995 shares of the railroad operator's stock valued at $9,000,000 after buying an additional 934 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Norfolk Southern by 25,555.7% during the 1st quarter. GAMMA Investing LLC now owns 989,796 shares of the railroad operator's stock worth $234,433,000 after buying an additional 985,938 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Norfolk Southern by 208.3% in the 1st quarter. Versant Capital Management Inc now owns 595 shares of the railroad operator's stock worth $141,000 after buying an additional 402 shares in the last quarter. Finally, Fire Capital Management LLC purchased a new stake in shares of Norfolk Southern in the 4th quarter worth about $352,000. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern Trading Down 0.7%

NSC stock traded down $1.77 on Monday, hitting $245.35. 1,182,965 shares of the company were exchanged, compared to its average volume of 1,220,767. The stock has a market capitalization of $55.31 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. The business's fifty day moving average is $228.16 and its two-hundred day moving average is $240.92. Norfolk Southern Co. has a twelve month low of $201.63 and a twelve month high of $277.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.90 and a quick ratio of 0.82.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The railroad operator reported $2.69 EPS for the quarter, missing analysts' consensus estimates of $2.72 by ($0.03). Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The company's quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were issued a $1.35 dividend. The ex-dividend date was Friday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.20%. Norfolk Southern's dividend payout ratio (DPR) is 36.89%.

Wall Street Analyst Weigh In

NSC has been the subject of a number of research reports. The Goldman Sachs Group restated a "neutral" rating and set a $278.00 target price on shares of Norfolk Southern in a research report on Monday. Citigroup cut their price objective on Norfolk Southern from $298.00 to $259.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Norfolk Southern in a research note on Friday, March 7th. They issued a "buy" rating and a $293.00 target price on the stock. Stifel Nicolaus dropped their price target on Norfolk Southern from $265.00 to $247.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Jefferies Financial Group reduced their price objective on Norfolk Southern from $285.00 to $260.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $267.24.

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.