TD Private Client Wealth LLC Decreases Position in Norfolk Southern Corporation $NSC

Key Points

• TD Private Client Wealth LLC reduced its holdings in Norfolk Southern Corporation by 34.6%, selling 2,176 shares and bringing its total shares owned to 4,108, with a worth of $1,052,000 according to its recent SEC filing.
• Norfolk Southern reported a quarterly EPS of $3.29, exceeding analysts' estimates of $3.24, along with a total revenue of $3.11 billion for the quarter.
• The company recently announced a quarterly dividend of $1.35, which translates to an annual yield of 1.8%, with a payout ratio of 36.49%.

TD Private Client Wealth LLC lessened its holdings in Norfolk Southern Corporation (NYSE:NSC - Free Report) by 34.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,108 shares of the railroad operator's stock after selling 2,176 shares during the period. TD Private Client Wealth LLC's holdings in Norfolk Southern were worth $1,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSC. Brighton Jones LLC boosted its position in Norfolk Southern by 4.9% in the 4th quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator's stock valued at $400,000 after buying an additional 79 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Norfolk Southern by 53.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 68,681 shares of the railroad operator's stock valued at $16,119,000 after purchasing an additional 23,918 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Norfolk Southern by 3.6% in the 4th quarter. Wellington Management Group LLP now owns 23,882 shares of the railroad operator's stock valued at $5,605,000 after purchasing an additional 820 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Norfolk Southern by 208.3% in the 1st quarter. Versant Capital Management Inc now owns 595 shares of the railroad operator's stock valued at $141,000 after purchasing an additional 402 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Norfolk Southern by 25,555.7% in the 1st quarter. GAMMA Investing LLC now owns 989,796 shares of the railroad operator's stock valued at $234,433,000 after purchasing an additional 985,938 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company's stock.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $297.61 on Friday. The company's fifty day moving average price is $280.68 and its 200 day moving average price is $253.47. Norfolk Southern Corporation has a 12 month low of $201.63 and a 12 month high of $298.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The firm has a market capitalization of $66.85 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.61 and a beta of 1.29.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, beating analysts' consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates 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, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a $1.35 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.8%. Norfolk Southern's payout ratio is currently 36.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NSC shares. The Goldman Sachs Group restated a "neutral" rating and issued a $278.00 price objective on shares of Norfolk Southern in a report on Monday, June 2nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $288.00 price objective (up from $282.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and issued a $289.00 price objective (up from $279.00) on shares of Norfolk Southern in a report on Wednesday, July 30th. Susquehanna raised their price objective on shares of Norfolk Southern from $284.00 to $295.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Loop Capital raised their price objective on shares of Norfolk Southern from $235.00 to $278.00 and gave the company a "hold" rating in a report on Tuesday, September 16th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, Norfolk Southern currently has an average rating of "Hold" and a consensus target price of $288.00.

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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