Michael Joseph Wheeler Sells 801 Shares of Norfolk Southern Corp. (NSC) Stock

Norfolk Southern Corp. (NYSE:NSC) COO Michael Joseph Wheeler sold 801 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $172.55, for a total transaction of $138,212.55. Following the transaction, the chief operating officer now directly owns 9,406 shares of the company’s stock, valued at approximately $1,623,005.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NSC opened at $170.32 on Friday. The company has a market cap of $47.13 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Norfolk Southern Corp. has a 1 year low of $125.59 and a 1 year high of $186.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.86 and a quick ratio of 0.75.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, October 24th. The railroad operator reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.08. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. Norfolk Southern had a net margin of 52.82% and a return on equity of 15.12%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 EPS. On average, analysts expect that Norfolk Southern Corp. will post 9.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 2nd will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 1st. Norfolk Southern’s dividend payout ratio (DPR) is presently 48.41%.

A number of large investors have recently modified their holdings of NSC. IFM Investors Pty Ltd grew its position in Norfolk Southern by 41.8% in the second quarter. IFM Investors Pty Ltd now owns 12,747 shares of the railroad operator’s stock valued at $1,923,000 after acquiring an additional 3,759 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in Norfolk Southern by 16.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,046 shares of the railroad operator’s stock valued at $761,000 after acquiring an additional 700 shares in the last quarter. State of Alaska Department of Revenue grew its position in Norfolk Southern by 14.0% in the second quarter. State of Alaska Department of Revenue now owns 44,518 shares of the railroad operator’s stock valued at $6,715,000 after acquiring an additional 5,470 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Norfolk Southern by 3.7% in the second quarter. Xact Kapitalforvaltning AB now owns 56,514 shares of the railroad operator’s stock valued at $8,526,000 after acquiring an additional 2,035 shares in the last quarter. Finally, Bremer Trust National Association acquired a new stake in Norfolk Southern in the second quarter valued at approximately $1,040,000. 74.38% of the stock is owned by institutional investors.

A number of research firms have recently commented on NSC. Morgan Stanley upped their price objective on shares of Norfolk Southern from $113.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, October 29th. Stifel Nicolaus upped their price objective on shares of Norfolk Southern from $159.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Credit Suisse Group upped their price objective on shares of Norfolk Southern from $176.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, July 26th. UBS Group upped their price objective on shares of Norfolk Southern from $182.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Robert W. Baird dropped their price objective on shares of Norfolk Southern from $186.00 to $181.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. Norfolk Southern currently has an average rating of “Hold” and an average price target of $174.40.

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Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports, as well as coal, automotive, and industrial products; and provides commuter passenger services.

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Insider Buying and Selling by Quarter for Norfolk Southern (NYSE:NSC)

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