M. Kulyk & Associates LLC Has $5.54 Million Stake in CSX Corporation (NASDAQ:CSX)

M. Kulyk & Associates LLC decreased its holdings in shares of CSX Corporation (NASDAQ:CSX - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,313 shares of the transportation company's stock after selling 23,583 shares during the period. CSX comprises about 1.3% of M. Kulyk & Associates LLC's portfolio, making the stock its 29th largest holding. M. Kulyk & Associates LLC's holdings in CSX were worth $5,542,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. PFG Advisors increased its stake in CSX by 110.4% during the first quarter. PFG Advisors now owns 19,360 shares of the transportation company's stock valued at $570,000 after purchasing an additional 10,160 shares during the last quarter. Carmel Capital Partners LLC increased its stake in CSX by 3.9% during the first quarter. Carmel Capital Partners LLC now owns 53,470 shares of the transportation company's stock valued at $1,574,000 after purchasing an additional 1,984 shares during the last quarter. Wealth Alliance LLC bought a new stake in CSX during the first quarter valued at $513,000. Heritage Investors Management Corp increased its stake in CSX by 1.1% during the first quarter. Heritage Investors Management Corp now owns 538,274 shares of the transportation company's stock valued at $15,841,000 after purchasing an additional 5,829 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in CSX by 4.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 149,215 shares of the transportation company's stock valued at $4,392,000 after purchasing an additional 5,811 shares during the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Stock Up 0.1%

NASDAQ:CSX traded up $0.03 during mid-day trading on Thursday, reaching $35.00. The stock had a trading volume of 34,904,444 shares, compared to its average volume of 15,684,986. The business's 50 day moving average is $32.52 and its 200 day moving average is $31.22. CSX Corporation has a fifty-two week low of $26.22 and a fifty-two week high of $37.10. The stock has a market cap of $65.75 billion, a P/E ratio of 20.96, a PEG ratio of 3.15 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75.

CSX (NASDAQ:CSX - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.57 billion. CSX had a return on equity of 26.42% and a net margin of 22.66%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, sell-side analysts predict that CSX Corporation will post 1.83 earnings per share for the current year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.13 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.49%. CSX's dividend payout ratio is 31.14%.

Analyst Upgrades and Downgrades

CSX has been the subject of several analyst reports. Citigroup boosted their price target on shares of CSX from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft raised shares of CSX from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a report on Thursday. Benchmark boosted their price target on shares of CSX from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus reduced their price target on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Argus set a $32.00 price target on shares of CSX in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CSX presently has an average rating of "Moderate Buy" and a consensus target price of $36.73.

CSX 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.