E. Ohman J or Asset Management AB Sells 1,005 Shares of Norfolk Southern Co. (NYSE:NSC)

E. Ohman J or Asset Management AB trimmed its position in Norfolk Southern Co. (NYSE:NSC - Free Report) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,106 shares of the railroad operator's stock after selling 1,005 shares during the period. E. Ohman J or Asset Management AB's holdings in Norfolk Southern were worth $973,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Norfolk Southern during the 4th quarter worth approximately $28,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $28,000. Atlantic Private Wealth LLC acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $29,000. Finally, Putney Financial Group LLC bought a new stake in shares of Norfolk Southern in the fourth quarter worth $30,000. 75.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Norfolk Southern from $275.00 to $279.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Royal Bank of Canada lowered their target price on Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a "neutral" rating and set a $278.00 price target on shares of Norfolk Southern in a research report on Monday, June 2nd. Wells Fargo & Company decreased their price target on Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Jefferies Financial Group dropped their price objective on Norfolk Southern from $285.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Norfolk Southern presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.24.

Norfolk Southern Trading Up 1.6%

Shares of NYSE:NSC opened at $250.89 on Friday. Norfolk Southern Co. has a 12-month low of $201.63 and a 12-month high of $277.60. The business has a 50 day moving average of $229.42 and a 200-day moving average of $240.61. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.16. The stock has a market cap of $56.56 billion, a PE ratio of 21.70, a P/E/G ratio of 2.31 and a beta of 1.32.

Norfolk Southern (NYSE:NSC - Get Free Report) last released 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 during 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 business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share. As a group, equities research analysts forecast that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 2nd were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is 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.

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