Norfolk Southern Corporation $NSC Shares Sold by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC lessened its holdings in shares of Norfolk Southern Corporation (NYSE:NSC) by 9.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,448 shares of the railroad operator’s stock after selling 243 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Norfolk Southern were worth $627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSC. WPG Advisers LLC acquired a new stake in Norfolk Southern during the 1st quarter worth $27,000. HWG Holdings LP purchased a new stake in Norfolk Southern in the 1st quarter valued at about $35,000. Physician Wealth Advisors Inc. raised its holdings in Norfolk Southern by 129.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after buying an additional 84 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in Norfolk Southern in the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC raised its holdings in 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 buying an additional 159 shares during the period. Institutional investors and hedge funds own 75.10% of the company’s stock.

Norfolk Southern Stock Down 2.2%

Shares of NYSE:NSC opened at $288.34 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. The firm has a market capitalization of $64.77 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The firm’s 50-day moving average is $284.20 and its two-hundred day moving average is $258.06. Norfolk Southern Corporation has a 1 year low of $201.63 and a 1 year high of $302.24.

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

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s dividend payout ratio is presently 36.49%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NSC shares. Robert W. Baird boosted their price objective on shares of Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday. Sanford C. Bernstein boosted their price objective on shares of Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Susquehanna boosted their price target on shares of Norfolk Southern from $284.00 to $295.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $293.25.

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.