Yukon Wealth Management Inc. Invests $493,000 in CSX Corporation (NASDAQ:CSX)

Yukon Wealth Management Inc. bought a new position in CSX Corporation (NASDAQ:CSX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,759 shares of the transportation company's stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSX. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of CSX during the 4th quarter worth $27,000. Accredited Wealth Management LLC bought a new stake in CSX during the fourth quarter valued at about $29,000. Fourth Dimension Wealth LLC purchased a new stake in CSX in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in shares of CSX in the fourth quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of CSX during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 73.57% of the company's stock.

CSX Trading Up 0.4%

Shares of CSX stock traded up $0.14 on Wednesday, reaching $33.61. The company had a trading volume of 8,595,937 shares, compared to its average volume of 13,292,840. The firm has a market cap of $63.14 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.86 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.88 and a quick ratio of 0.75. The firm's 50-day moving average price is $30.86 and its two-hundred day moving average price is $31.04. CSX Corporation has a 1 year low of $26.22 and a 1 year high of $37.10.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). CSX had a return on equity of 26.42% and a net margin of 22.66%. The firm had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. As a group, research analysts predict that CSX Corporation will post 1.83 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.55%. CSX's dividend payout ratio is 31.14%.

Analyst Upgrades and Downgrades

CSX has been the topic of a number of recent analyst reports. Robert W. Baird assumed coverage on shares of CSX in a research note on Tuesday. They set an "outperform" rating and a $38.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of CSX from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada cut their price target on CSX from $31.00 to $30.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Argus set a $32.00 price objective on CSX in a research report on Friday, April 25th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $35.00 price objective on shares of CSX in a research note on Monday, June 2nd. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.14.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.