Cwm LLC Decreases Stock Position in CSX Co. (NASDAQ:CSX)

CWM LLC trimmed its holdings in CSX Co. (NASDAQ:CSX - Free Report) by 72.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,811 shares of the transportation company's stock after selling 254,079 shares during the period. CWM LLC's holdings in CSX were worth $3,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC bought a new stake in shares of CSX during the 4th quarter worth approximately $27,000. Life Planning Partners Inc bought a new stake in CSX during the fourth quarter worth $27,000. Venturi Wealth Management LLC boosted its holdings in shares of CSX by 228.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 995 shares of the transportation company's stock valued at $31,000 after purchasing an additional 692 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in CSX in the fourth quarter valued at about $34,000. Finally, Avion Wealth boosted its stake in shares of CSX by 450.5% during the fourth quarter. Avion Wealth now owns 1,002 shares of the transportation company's stock valued at $35,000 after purchasing an additional 820 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.

CSX Stock Up 1.1 %

Shares of CSX stock traded up $0.36 during trading hours on Thursday, reaching $34.03. The company had a trading volume of 11,988,006 shares, compared to its average volume of 12,391,135. The company has a market cap of $66.53 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.15 and a quick ratio of 1.00. CSX Co. has a 12 month low of $29.03 and a 12 month high of $40.12. The business has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $34.45.

CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the previous year, the firm earned $0.48 EPS. The business's revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts expect that CSX Co. will post 1.95 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.41%. This is an increase from CSX's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 28th. CSX's dividend payout ratio is presently 26.37%.

Analyst Upgrades and Downgrades

CSX has been the topic of several recent research reports. StockNews.com downgraded CSX from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. Raymond James lifted their target price on CSX from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Tuesday, January 16th. UBS Group cut their price target on CSX from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, April 18th. TD Cowen lifted their price objective on shares of CSX from $32.00 to $36.00 and gave the company a "market perform" rating in a research note on Thursday, January 25th. Finally, BMO Capital Markets boosted their target price on shares of CSX from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.00.

About CSX

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.