Whittier Trust Co. of Nevada Inc. Acquires 1,359 Shares of Norfolk Southern Corporation (NYSE:NSC)

Whittier Trust Co. of Nevada Inc. lifted its position in shares of Norfolk Southern Corporation (NYSE:NSC - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,692 shares of the railroad operator's stock after buying an additional 1,359 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Norfolk Southern were worth $17,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NSC. Fourth Dimension Wealth LLC bought a new stake in Norfolk Southern in the fourth quarter valued at approximately $28,000. Atlantic Private Wealth LLC acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $29,000. Putney Financial Group LLC acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $30,000. Greenline Partners LLC acquired a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $31,000. Finally, HWG Holdings LP acquired a new stake in shares of Norfolk Southern in the first quarter valued at approximately $35,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Norfolk Southern from $271.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Evercore ISI lowered their price objective on Norfolk Southern from $284.00 to $269.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Bank of America raised their price objective on Norfolk Southern from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus lowered their price objective on Norfolk Southern from $265.00 to $247.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lowered their price objective on Norfolk Southern from $305.00 to $290.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Norfolk Southern currently has a consensus rating of "Moderate Buy" and a consensus target price of $273.80.

Norfolk Southern Price Performance

Shares of NSC opened at $262.62 on Tuesday. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $277.60. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.78. The business's 50 day moving average price is $248.79 and its two-hundred day moving average price is $240.91. The firm has a market cap of $59.21 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.18 and a beta of 1.31.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its quarterly earnings results 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). Norfolk Southern had a net margin of 27.40% and a return on equity of 19.65%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the firm posted $2.49 earnings per share. Norfolk Southern's quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.35 per share. The ex-dividend date was Friday, May 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.06%. Norfolk Southern's dividend payout ratio is 36.89%.

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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