Pathway Financial Advisors LLC Has $487,000 Stake in Norfolk Southern Corporation $NSC

Key Points

• Pathway Financial Advisors LLC has reduced its stake in Norfolk Southern Corporation by 44.5%, leading to ownership of 1,901 shares valued at <$487,000.
• Norfolk Southern's latest earnings report showed an EPS of $3.29, exceeding analysts' expectations, while the company has maintained a dividend yield of 1.9%.
• Several institutional investors increased their holdings in Norfolk Southern, reflecting ongoing confidence in the stock, which has a market cap of $64.77 billion.

Pathway Financial Advisors LLC decreased its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 44.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,901 shares of the railroad operator's stock after selling 1,525 shares during the period. Pathway Financial Advisors LLC's holdings in Norfolk Southern were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSC. SeaCrest Wealth Management LLC lifted its position in Norfolk Southern by 1.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator's stock worth $622,000 after acquiring an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator's stock worth $47,000 after acquiring an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its position in Norfolk Southern by 4.9% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator's stock worth $226,000 after acquiring an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in Norfolk Southern by 1.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator's stock worth $605,000 after acquiring an additional 45 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its position in Norfolk Southern by 3.3% during the 2nd quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator's stock worth $372,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company's stock.

Norfolk Southern Stock Performance

NYSE NSC opened at $288.34 on Monday. The stock has a market cap of $64.77 billion, a P/E ratio of 19.48, a PEG ratio of 2.59 and a beta of 1.33. The company's 50-day simple moving average is $284.20 and its 200 day simple moving average is $258.21. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, research analysts forecast 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 $1.35 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern's payout ratio is presently 36.49%.

Analyst Ratings Changes

NSC has been the subject of a number of research analyst reports. TD Cowen raised shares of Norfolk Southern from a "hold" rating to a "buy" rating and boosted their target price for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Barclays boosted their target price on shares of Norfolk Southern from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Citigroup boosted their price objective on shares of Norfolk Southern from $288.00 to $305.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Sanford C. Bernstein boosted their price objective on shares of Norfolk Southern from $295.00 to $305.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Norfolk Southern in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $293.25.

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.

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