US Bancorp DE Has $46.82 Million Stock Holdings in Norfolk Southern Corporation $NSC

US Bancorp DE cut its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 182,904 shares of the railroad operator’s stock after selling 1,593 shares during the quarter. US Bancorp DE’s holdings in Norfolk Southern were worth $46,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in Norfolk Southern during the first quarter worth about $27,000. HWG Holdings LP acquired a new position in shares of Norfolk Southern in the 1st quarter valued at $35,000. Physician Wealth Advisors Inc. raised its stake in shares of 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 in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Norfolk Southern in the 1st quarter valued at $41,000. Finally, Golden State Wealth Management LLC raised its stake in shares of 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 in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Down 0.7%

Shares of NSC opened at $294.68 on Friday. The company has a market capitalization of $66.19 billion, a P/E ratio of 19.91, a PEG ratio of 2.66 and a beta of 1.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.79 and a quick ratio of 0.71. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $302.24. The business’s 50 day simple moving average is $283.93 and its 200-day simple moving average is $257.53.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping the consensus estimate of $3.24 by $0.05. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, August 1st. Norfolk Southern’s payout ratio is 36.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Norfolk Southern from $288.00 to $305.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Norfolk Southern from $288.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Norfolk Southern in a report on Wednesday. Barclays lifted their price objective on Norfolk Southern from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Loop Capital lifted their price objective on Norfolk Southern from $235.00 to $278.00 and gave the company a “hold” rating in a report on Tuesday, September 16th. Eight analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $293.25.

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.