First National Bank of Mount Dora Trust Investment Services Has $502,000 Position in Norfolk Southern Co. (NYSE:NSC)

First National Bank of Mount Dora Trust Investment Services cut its holdings in Norfolk Southern Co. (NYSE:NSC - Free Report) by 83.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,119 shares of the railroad operator's stock after selling 10,856 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Norfolk Southern were worth $502,000 at the end of the most recent reporting period.

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

Norfolk Southern Price Performance

NYSE NSC traded up $0.02 on Thursday, hitting $251.35. 969,118 shares of the company's stock were exchanged, compared to its average volume of 1,295,949. Norfolk Southern Co. has a 52 week low of $201.63 and a 52 week high of $277.60. The stock has a 50-day moving average of $231.12 and a 200-day moving average of $240.48. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The stock has a market cap of $56.67 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.31 and a beta of 1.32.

Norfolk Southern (NYSE:NSC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.72 by ($0.03). The business 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 was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 EPS. Analysts expect that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, May 2nd. Norfolk Southern's dividend payout ratio is 36.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NSC. Stifel Nicolaus decreased their price objective 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. Susquehanna cut their target price on Norfolk Southern from $260.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada cut their price objective on shares of Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Norfolk Southern in a research report on Friday, March 7th. They set a "buy" rating and a $293.00 price target on the stock. Finally, Bank of America upped their target price on Norfolk Southern from $267.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern has a consensus rating of "Moderate Buy" and a consensus price target of $267.24.

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.