American Capital Advisory LLC Purchases 255 Shares of Norfolk Southern Corporation $NSC

American Capital Advisory LLC lifted its position in Norfolk Southern Corporation (NYSE:NSC) by 8,500.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258 shares of the railroad operator’s stock after buying an additional 255 shares during the quarter. American Capital Advisory LLC’s holdings in Norfolk Southern were worth $66,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of Norfolk Southern in the first quarter valued at $27,000. Financial Gravity Asset Management Inc. bought a new position in shares of Norfolk Southern in the first quarter valued at $41,000. Golden State Wealth Management LLC grew its stake in shares of Norfolk Southern by 883.3% in the first 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 in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Norfolk Southern by 30.5% in the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock valued at $47,000 after buying an additional 43 shares in the last quarter. Finally, Chung Wu Investment Group LLC bought a new position in shares of Norfolk Southern in the second quarter valued at $51,000. 75.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Norfolk Southern

In other news, Director Richard H. Anderson bought 2,600 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was bought at an average price of $281.86 per share, with a total value of $732,836.00. Following the completion of the acquisition, the director owned 7,000 shares of the company’s stock, valued at $1,973,020. This represents a 59.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Norfolk Southern Stock Down 0.3%

NSC opened at $282.46 on Tuesday. Norfolk Southern Corporation has a fifty-two week low of $201.63 and a fifty-two week high of $302.24. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.78 and a current ratio of 0.86. The company has a market capitalization of $63.38 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.52 and a beta of 1.33. The stock has a fifty day moving average of $285.65 and a 200-day moving average of $265.86.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). Norfolk Southern had a return on equity of 18.93% and a net margin of 24.22%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $3.25 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect 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 will be paid on Thursday, November 20th. Stockholders of record on Friday, November 7th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is currently 41.19%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NSC. Weiss Ratings cut shares of Norfolk Southern from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Bank of America raised their price target on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Evercore ISI raised their price target on Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Royal Bank Of Canada cut their price target on Norfolk Southern from $320.00 to $315.00 and set a “sector perform” rating for the company in a report on Friday, October 24th. Finally, Robert W. Baird raised their price target on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern currently has an average rating of “Hold” and a consensus target price of $299.70.

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.