Wealthcare Advisory Partners LLC Buys 164 Shares of Norfolk Southern Corporation $NSC

Wealthcare Advisory Partners LLC grew its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,563 shares of the railroad operator’s stock after buying an additional 164 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Norfolk Southern were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC boosted its holdings in Norfolk Southern by 1.7% during the second quarter. SeaCrest Wealth Management LLC now owns 2,429 shares of the railroad operator’s stock worth $622,000 after buying an additional 40 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Norfolk Southern by 30.5% during the second quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after buying an additional 43 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its holdings in Norfolk Southern by 4.9% during the first quarter. Canandaigua National Trust Co of Florida now owns 956 shares of the railroad operator’s stock worth $226,000 after buying an additional 45 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Norfolk Southern by 1.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,556 shares of the railroad operator’s stock worth $605,000 after buying an additional 45 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its holdings in shares of Norfolk Southern by 3.3% during the 2nd quarter. LexAurum Advisors LLC now owns 1,453 shares of the railroad operator’s stock valued at $372,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.3%

NYSE:NSC opened at $296.70 on Thursday. The firm has a market capitalization of $66.64 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.65 and a beta of 1.33. Norfolk Southern Corporation has a twelve month low of $201.63 and a twelve month high of $302.24. The stock’s 50 day moving average price is $283.60 and its two-hundred day moving average price is $257.12. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results 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 for 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. Equities research analysts expect that Norfolk Southern Corporation will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.8%. Norfolk Southern’s payout ratio is presently 36.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price objective on shares of Norfolk Southern in a report on Friday, July 25th. Bank of America lifted their price objective on Norfolk Southern from $290.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Norfolk Southern from $290.00 to $354.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada cut Norfolk Southern from a “moderate buy” rating to a “hold” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday. Eight 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 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.