Stratos Wealth Partners LTD. Has $1.52 Million Stock Position in Norfolk Southern Corporation (NYSE:NSC)

Stratos Wealth Partners LTD. trimmed its position in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,402 shares of the railroad operator's stock after selling 1,213 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Norfolk Southern were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in NSC. Fourth Dimension Wealth LLC bought a new position in Norfolk Southern during the 4th quarter worth $28,000. Atlantic Private Wealth LLC bought a new position in Norfolk Southern during the 4th quarter worth $29,000. Putney Financial Group LLC bought a new position in Norfolk Southern during the 4th quarter worth $30,000. Greenline Partners LLC bought a new position in Norfolk Southern during the 4th quarter worth $31,000. Finally, HWG Holdings LP bought a new position in Norfolk Southern during the 1st quarter worth $35,000. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Price Performance

NYSE:NSC traded up $3.33 during mid-day trading on Friday, reaching $266.47. 1,718,349 shares of the stock were exchanged, compared to its average volume of 1,237,390. The business has a fifty day moving average price of $247.98 and a 200 day moving average price of $240.67. The firm has a market capitalization of $60.07 billion, a PE ratio of 18.20, a PEG ratio of 2.15 and a beta of 1.31. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $277.60. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 1.15.

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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.01 billion. Norfolk Southern had a return on equity of 19.65% and a net margin of 27.40%. Norfolk Southern's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.49 earnings per share. Research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 2nd were given a $1.35 dividend. The ex-dividend date was Friday, May 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.03%. Norfolk Southern's dividend payout ratio (DPR) is 36.89%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price objective on Norfolk Southern from $285.00 to $260.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on Norfolk Southern from $300.00 to $290.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Evercore ISI lowered their price objective on Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $255.00 price target on shares of Norfolk Southern in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of "Moderate Buy" and a consensus price target of $273.80.

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.