Credit Agricole S A Has $16.49 Million Stock Position in Norfolk Southern Corporation $NSC

Key Points

• Credit Agricole S A increased its stake in Norfolk Southern Corporation by 16.6%, now owning 69,617 shares valued at approximately $16.5 million.
• Norfolk Southern recently reported earnings of $3.29 per share, beating expectations of $3.24, with revenue of $3.11 billion for the quarter.
• The company declared a quarterly dividend of $1.35 per share, resulting in an annualized payout of $5.40 and a yield of 1.9%.

Credit Agricole S A increased its holdings in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,617 shares of the railroad operator's stock after buying an additional 9,922 shares during the quarter. Credit Agricole S A's holdings in Norfolk Southern were worth $16,489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in shares of Norfolk Southern during the 4th quarter worth $28,000. Putney Financial Group LLC bought a new stake in shares of Norfolk Southern during the 4th quarter worth $30,000. Greenline Partners LLC bought a new stake in shares of Norfolk Southern during the 4th quarter worth $31,000. HWG Holdings LP bought a new stake in shares of Norfolk Southern during the 1st quarter worth $35,000. Finally, Physician Wealth Advisors Inc. raised its position in Norfolk Southern by 129.2% in the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator's stock valued at $35,000 after purchasing an additional 84 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on NSC shares. Bank of America increased their target price on Norfolk Southern from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Benchmark downgraded Norfolk Southern from a "buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Barclays increased their target price on Norfolk Southern from $290.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $278.00 target price on shares of Norfolk Southern in a research report on Monday, June 2nd. Finally, UBS Group increased their target price on Norfolk Southern from $275.00 to $279.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Seven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $285.15.

Norfolk Southern Trading Down 0.1%

Shares of NSC traded down $0.3760 during mid-day trading on Friday, reaching $283.9740. 4,575,302 shares of the company were exchanged, compared to its average volume of 2,818,490. Norfolk Southern Corporation has a 52 week low of $201.63 and a 52 week high of $291.69. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. The stock has a market capitalization of $63.79 billion, a PE ratio of 19.19, a PEG ratio of 2.52 and a beta of 1.31. The business has a 50 day simple moving average of $270.13 and a two-hundred day simple moving average of $247.72.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. On average, analysts predict that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 annualized dividend and a yield of 1.9%. Norfolk Southern's dividend payout ratio (DPR) is currently 36.49%.

About Norfolk Southern

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.