Cobblestone Capital Advisors LLC NY Has $346,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Cobblestone Capital Advisors LLC NY lifted its stake in Norfolk Southern Co. (NYSE:NSC) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,393 shares of the railroad operator’s stock after acquiring an additional 93 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Norfolk Southern were worth $346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in Norfolk Southern during the third quarter worth $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $27,000. Coastline Trust Co bought a new stake in shares of Norfolk Southern in the 3rd quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new stake in Norfolk Southern in the 3rd quarter valued at about $33,000. Finally, Financial Connections Group Inc. bought a new position in Norfolk Southern during the second quarter worth about $31,000. Institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

In related news, CEO Alan H. Shaw sold 51,325 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $255.98, for a total transaction of $13,138,173.50. Following the completion of the transaction, the chief executive officer now directly owns 35,045 shares in the company, valued at $8,970,819.10. This represents a 59.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameh Fahmy bought 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $2,550,000. This represents a 11.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NSC shares. Jefferies Financial Group raised their price objective on Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Benchmark raised their price target on Norfolk Southern from $270.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein upped their price objective on shares of Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Citigroup raised their target price on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, TD Cowen upped their price target on shares of Norfolk Southern from $253.00 to $259.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $275.68.

Norfolk Southern Price Performance

Norfolk Southern stock opened at $275.85 on Monday. The firm has a market cap of $62.41 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.62 and a beta of 1.30. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The stock’s fifty day moving average price is $256.63 and its two-hundred day moving average price is $241.57. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business earned $2.65 earnings per share. Norfolk Southern’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that Norfolk Southern Co. will post 11.82 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 1st were paid a $1.35 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.40 dividend on an annualized basis and a yield of 1.96%. Norfolk Southern’s dividend payout ratio (DPR) is 50.70%.

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.