Patton Albertson Miller Group LLC Has $891,000 Stake in Norfolk Southern Corporation $NSC

Patton Albertson Miller Group LLC lowered its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,479 shares of the railroad operator’s stock after selling 105 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Norfolk Southern were worth $891,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in Norfolk Southern during the first quarter worth approximately $27,000. HWG Holdings LP acquired a new stake in Norfolk Southern during the first quarter worth approximately $35,000. Physician Wealth Advisors Inc. grew its position in Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after buying an additional 84 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Norfolk Southern during the first quarter worth $41,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Norfolk Southern by 883.3% in the 1st quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NSC stock opened at $297.61 on Friday. The stock has a 50-day moving average price of $280.68 and a 200-day moving average price of $253.62. Norfolk Southern Corporation has a 1-year low of $201.63 and a 1-year high of $298.42. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.11. The firm has a market cap of $66.85 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.05. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%. Norfolk Southern has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a $1.35 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.40 annualized dividend and a dividend yield of 1.8%. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NSC shares. Susquehanna increased their price target on Norfolk Southern from $284.00 to $295.00 and gave the company a “neutral” rating in a research note on Thursday. Sanford C. Bernstein increased their price target on Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Robert W. Baird increased their price target on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Bank of America increased their price target on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $288.00 price target (up from $282.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Hold” and an average target price of $288.45.

About Norfolk Southern

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.