MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 52,317 Shares of Norfolk Southern Co. (NYSE:NSC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Norfolk Southern Co. (NYSE:NSC - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 974,193 shares of the railroad operator's stock after buying an additional 52,317 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.43% of Norfolk Southern worth $228,642,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL raised its holdings in Norfolk Southern by 16.9% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 304 shares of the railroad operator's stock worth $71,000 after acquiring an additional 44 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Norfolk Southern by 1.5% during the 4th quarter. CoreCap Advisors LLC now owns 3,097 shares of the railroad operator's stock worth $727,000 after purchasing an additional 45 shares during the last quarter. Albert D Mason Inc. raised its stake in shares of Norfolk Southern by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 6,881 shares of the railroad operator's stock worth $1,615,000 after purchasing an additional 46 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of Norfolk Southern by 5.4% in the 4th quarter. Signal Advisors Wealth LLC now owns 960 shares of the railroad operator's stock valued at $225,000 after buying an additional 49 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Norfolk Southern by 2.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,507 shares of the railroad operator's stock valued at $588,000 after buying an additional 49 shares in the last quarter. Institutional investors own 75.10% of the company's stock.

Norfolk Southern Price Performance

Shares of Norfolk Southern stock traded up $2.98 on Thursday, reaching $244.16. The stock had a trading volume of 1,355,397 shares, compared to its average volume of 1,209,484. The business's 50 day moving average is $225.83 and its two-hundred day moving average is $242.65. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. Norfolk Southern Co. has a 1 year low of $201.63 and a 1 year high of $277.60. The company has a market cap of $55.04 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30.

Norfolk Southern (NYSE:NSC - Get Free Report) last issued its 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 return on equity of 20.04% and a net margin of 21.63%. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the company earned $2.49 EPS. The firm's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 2nd will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, May 2nd. Norfolk Southern's dividend payout ratio (DPR) is currently 36.89%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group dropped their price objective on Norfolk Southern from $284.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stephens boosted their price objective on Norfolk Southern from $260.00 to $275.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Bank of America reduced their target price on shares of Norfolk Southern from $292.00 to $272.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Loop Capital lowered shares of Norfolk Southern from a "buy" rating to a "hold" rating and lowered their price target for the stock from $289.00 to $256.00 in a research report on Monday, February 3rd. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $255.00 price objective on shares of Norfolk Southern in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $266.10.

Norfolk Southern 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.