Bordeaux Wealth Advisors LLC Buys Shares of 1,278 Norfolk Southern Corporation (NYSE:NSC)

Bordeaux Wealth Advisors LLC purchased a new stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,278 shares of the railroad operator's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NSC. Norges Bank acquired a new position in Norfolk Southern during the 4th quarter worth $547,575,000. GAMMA Investing LLC raised its stake in shares of Norfolk Southern by 25,555.7% during the first quarter. GAMMA Investing LLC now owns 989,796 shares of the railroad operator's stock valued at $234,433,000 after purchasing an additional 985,938 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Norfolk Southern by 11.9% in the fourth 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 purchasing an additional 918,559 shares during the period. Boston Partners grew its position 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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Norfolk Southern by 293.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 671,680 shares of the railroad operator's stock valued at $157,643,000 after buying an additional 501,053 shares during the period. Institutional investors and hedge funds own 75.10% of the company's stock.

Analyst Upgrades and Downgrades

NSC has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $278.00 price objective on shares of Norfolk Southern in a report on Monday, June 2nd. UBS Group raised their target price on Norfolk Southern from $275.00 to $279.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Deutsche Bank Aktiengesellschaft began coverage on Norfolk Southern in a research note on Friday, March 7th. They set a "buy" rating and a $293.00 target price for the company. Stifel Nicolaus decreased their target price on Norfolk Southern from $265.00 to $247.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Jefferies Financial Group decreased their target price on Norfolk Southern from $285.00 to $260.00 and set a "buy" rating for the company in a research note 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's stock. According to data from MarketBeat.com, Norfolk Southern currently has an average rating of "Moderate Buy" and an average target price of $267.71.

Norfolk Southern Stock Up 0.1%

Shares of Norfolk Southern stock traded up $0.38 during trading on Friday, hitting $255.89. 1,905,810 shares of the stock traded hands, compared to its average volume of 1,228,056. The company has a fifty day moving average price of $240.14 and a two-hundred day moving average price of $239.14. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $277.60. The stock has a market cap of $57.69 billion, a P/E ratio of 21.25, a PEG ratio of 2.01 and a beta of 1.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.78.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.03). The business 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 27.40% and a return on equity of 19.65%. Norfolk Southern's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 EPS. Equities research analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 2nd were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, May 2nd. Norfolk Southern's payout ratio is presently 36.89%.

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.