Integrated Advisors Network LLC Has $1.51 Million Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Integrated Advisors Network LLC grew its holdings in Norfolk Southern Co. (NYSE:NSC - Free Report) by 58.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,411 shares of the railroad operator's stock after buying an additional 2,357 shares during the quarter. Integrated Advisors Network LLC's holdings in Norfolk Southern were worth $1,505,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Avior Wealth Management LLC grew its holdings in shares of Norfolk Southern by 10.0% in the 4th quarter. Avior Wealth Management LLC now owns 723 shares of the railroad operator's stock worth $170,000 after purchasing an additional 66 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock worth $400,000 after purchasing an additional 79 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Norfolk Southern by 5.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,823 shares of the railroad operator's stock worth $663,000 after purchasing an additional 134 shares during the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Norfolk Southern in the 4th quarter worth about $258,000. Finally, OLIO Financial Planning grew its holdings in shares of Norfolk Southern by 52.7% in the 4th quarter. OLIO Financial Planning now owns 1,544 shares of the railroad operator's stock worth $362,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NSC. Stifel Nicolaus lowered 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. Royal Bank of Canada lowered their target price on shares of Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Norfolk Southern in a report on Friday, March 7th. They set a "buy" rating and a $293.00 price objective on the stock. BMO Capital Markets reissued a "market perform" rating and set a $255.00 price objective on shares of Norfolk Southern in a report on Thursday, April 24th. Finally, Citigroup decreased their price objective on shares of Norfolk Southern from $298.00 to $259.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Norfolk Southern currently has a consensus rating of "Moderate Buy" and an average target price of $266.50.

Norfolk Southern Trading Down 0.9%

Shares of NYSE NSC traded down $2.32 during mid-day trading on Wednesday, hitting $242.47. The company's stock had a trading volume of 1,069,968 shares, compared to its average volume of 1,212,072. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30. 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 Co. has a one year low of $201.63 and a one year high of $277.60. The company's fifty day simple moving average is $227.69 and its 200-day simple moving average is $241.59.

Norfolk Southern (NYSE:NSC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates of $2.72 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates 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 was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.49 earnings per share. On average, sell-side analysts anticipate that Norfolk Southern Co. will post 13 earnings per share for the current fiscal 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 given a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.23%. Norfolk Southern's dividend payout ratio 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.