OneDigital Investment Advisors LLC Raises Holdings in Norfolk Southern Corporation (NYSE:NSC)

OneDigital Investment Advisors LLC boosted its stake in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,310 shares of the railroad operator's stock after purchasing an additional 1,094 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Norfolk Southern were worth $1,495,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NSC. Brighton Jones LLC increased its holdings in Norfolk Southern by 4.9% during the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock worth $400,000 after purchasing an additional 79 shares during the period. Assetmark Inc. increased its holdings in Norfolk Southern by 9.9% during the 4th quarter. Assetmark Inc. now owns 3,210 shares of the railroad operator's stock worth $753,000 after purchasing an additional 289 shares during the period. Proficio Capital Partners LLC purchased a new stake in Norfolk Southern during the 4th quarter worth about $218,000. Ashton Thomas Private Wealth LLC boosted its position in shares of Norfolk Southern by 34.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,285 shares of the railroad operator's stock worth $1,006,000 after acquiring an additional 1,097 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Norfolk Southern in the 4th quarter valued at about $465,000. Hedge funds and other institutional investors own 75.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated a "market perform" rating and set a $255.00 target price on shares of Norfolk Southern in a research note on Thursday, April 24th. Bank of America boosted their price objective on shares of Norfolk Southern from $280.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus dropped their target price on shares of Norfolk Southern from $265.00 to $247.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price target 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, Susquehanna reaffirmed a "neutral" rating and set a $260.00 price objective (up previously from $250.00) on shares of Norfolk Southern in a report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $267.48.

Norfolk Southern Trading Down 0.9%

NYSE:NSC opened at $260.01 on Tuesday. The stock has a fifty day moving average price of $244.83 and a two-hundred day moving average price of $240.00. The stock has a market capitalization of $58.62 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.13 and a beta of 1.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.78. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $277.60.

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

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is presently 36.89%.

Norfolk Southern 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.

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