Kingswood Wealth Advisors LLC Has $261,000 Stake in CSX Corporation $CSX

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in CSX Corporation by 61.3%, holding 7,993 shares valued at $261,000 after selling 12,654 shares in the second quarter.
• Research analysts have given CSX a consensus rating of "Moderate Buy" with a target price of $38.26, while Goldman Sachs revised its price objective down to $35.00.
• CSX announced a quarterly dividend of $0.13, with an annual yield of 1.5%, payable on December 15th to investors of record as of November 28th.

Kingswood Wealth Advisors LLC decreased its position in CSX Corporation (NASDAQ:CSX - Free Report) by 61.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,993 shares of the transportation company's stock after selling 12,654 shares during the period. Kingswood Wealth Advisors LLC's holdings in CSX were worth $261,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC acquired a new stake in shares of CSX during the 1st quarter valued at $28,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of CSX during the 1st quarter valued at $30,000. Kessler Investment Group LLC acquired a new stake in shares of CSX during the 1st quarter valued at $32,000. Cornerstone Planning Group LLC boosted its stake in shares of CSX by 45.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,414 shares of the transportation company's stock valued at $39,000 after buying an additional 444 shares during the period. Finally, Caldwell Sutter Capital Inc. boosted its stake in shares of CSX by 87.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 1,541 shares of the transportation company's stock valued at $45,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 73.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of CSX from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on shares of CSX from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Evercore ISI reduced their price objective on shares of CSX from $39.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, September 25th. Wolfe Research lifted their price objective on shares of CSX from $40.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, October 7th. Finally, Bank of America reduced their price objective on shares of CSX from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.26.

CSX Stock Performance

Shares of CSX opened at $35.49 on Friday. The company has a market capitalization of $66.16 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.76 and a beta of 1.29. CSX Corporation has a one year low of $26.22 and a one year high of $37.25. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.77 and a quick ratio of 0.63. The company's fifty day moving average price is $34.29 and its 200 day moving average price is $32.21.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.57 billion. CSX had a net margin of 21.92% and a return on equity of 25.48%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts expect that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 28th. CSX's dividend payout ratio (DPR) is 32.10%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

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