American Money Management LLC Has $881,000 Stock Position in Norfolk Southern Co. (NYSE:NSC)

American Money Management LLC lessened its holdings in Norfolk Southern Co. (NYSE:NSC) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,755 shares of the railroad operator’s stock after selling 47 shares during the period. American Money Management LLC’s holdings in Norfolk Southern were worth $881,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. United Bank increased its holdings in shares of Norfolk Southern by 2.4% during the 3rd quarter. United Bank now owns 8,875 shares of the railroad operator’s stock valued at $2,205,000 after acquiring an additional 204 shares during the last quarter. Townsquare Capital LLC grew its holdings in Norfolk Southern by 40.9% during the third quarter. Townsquare Capital LLC now owns 5,059 shares of the railroad operator’s stock valued at $1,257,000 after purchasing an additional 1,469 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Norfolk Southern by 7.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,979 shares of the railroad operator’s stock valued at $11,177,000 after purchasing an additional 3,096 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Norfolk Southern by 7.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,023,725 shares of the railroad operator’s stock worth $254,396,000 after buying an additional 66,965 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Norfolk Southern by 3.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 45,945 shares of the railroad operator’s stock worth $11,418,000 after buying an additional 1,704 shares during the period. 75.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NSC. Wells Fargo & Company cut their target price on shares of Norfolk Southern from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Norfolk Southern in a research note on Friday, March 7th. They issued a “buy” rating and a $293.00 target price for the company. Benchmark restated a “buy” rating and set a $285.00 price target on shares of Norfolk Southern in a research note on Thursday, January 30th. Robert W. Baird lifted their price objective on Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Norfolk Southern has a consensus rating of “Moderate Buy” and an average target price of $274.84.

Insider Buying and Selling at Norfolk Southern

In related news, Director Gilbert H. Lamphere acquired 607 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $259.86 per share, with a total value of $157,735.02. Following the completion of the purchase, the director now directly owns 2,487 shares in the company, valued at approximately $646,271.82. This trade represents a 32.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Down 2.0 %

NYSE NSC opened at $230.41 on Friday. The stock has a market capitalization of $52.17 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a fifty day moving average of $245.28 and a 200-day moving average of $249.08.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. On average, equities research analysts forecast that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio is presently 46.71%.

Norfolk Southern Company 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.