Norfolk Southern Corporation (NYSE:NSC) Holdings Decreased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,893 shares of the railroad operator's stock after selling 3,047 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Norfolk Southern were worth $16,791,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Norfolk Southern by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 20,089,164 shares of the railroad operator's stock worth $4,714,927,000 after buying an additional 139,485 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Norfolk Southern by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,608,080 shares of the railroad operator's stock worth $2,020,318,000 after acquiring an additional 918,559 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Norfolk Southern by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 4,694,573 shares of the railroad operator's stock worth $1,098,472,000 after acquiring an additional 113,648 shares during the last quarter. Boston Partners lifted its stake in shares of Norfolk Southern by 16.9% in the fourth quarter. Boston Partners now owns 4,020,392 shares of the railroad operator's stock worth $945,385,000 after acquiring an additional 580,293 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in Norfolk Southern by 1.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 3,968,582 shares of the railroad operator's stock valued at $931,426,000 after purchasing an additional 75,865 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

NSC stock traded up $0.38 during mid-day trading on Friday, reaching $255.89. The company had a trading volume of 1,905,810 shares, compared to its average volume of 1,232,678. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $277.60. The stock has a market capitalization of $57.69 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.01 and a beta of 1.32. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The stock's 50-day simple moving average is $239.42 and its two-hundred day simple moving average is $239.20.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The railroad operator reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.03). Norfolk Southern had a net margin of 27.40% and a return on equity of 19.65%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. Research analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. Norfolk Southern's dividend payout ratio is presently 36.89%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NSC shares. Stifel Nicolaus cut their target price on Norfolk Southern from $265.00 to $247.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Evercore ISI dropped their price target on shares of Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Bank of America increased their price objective on shares of Norfolk Southern from $267.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Citigroup dropped their target price on shares of Norfolk Southern from $298.00 to $259.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price target on shares of Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.71.

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.