Stratos Wealth Partners LTD. Lowers Position in Norfolk Southern Corporation $NSC

Stratos Wealth Partners LTD. cut its stake in Norfolk Southern Corporation (NYSE:NSC) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,915 shares of the railroad operator’s stock after selling 487 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Norfolk Southern were worth $1,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NSC. WPG Advisers LLC purchased a new stake in shares of Norfolk Southern during the first quarter valued at approximately $27,000. HWG Holdings LP purchased a new stake in shares of Norfolk Southern during the first quarter valued at approximately $35,000. Physician Wealth Advisors Inc. increased its position in shares of Norfolk Southern by 129.2% during the first quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock valued at $35,000 after acquiring an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern during the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC increased its position in shares of Norfolk Southern by 883.3% during the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock valued at $42,000 after acquiring an additional 159 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Norfolk Southern Price Performance

NYSE:NSC opened at $290.91 on Tuesday. The firm has a market capitalization of $65.34 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.60 and a beta of 1.33. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $302.24. The stock has a fifty day moving average of $285.39 and a 200 day moving average of $260.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.05. The company had revenue of $3.11 billion during 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. On average, research analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on NSC. Citigroup increased their price target on Norfolk Southern from $305.00 to $316.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Barclays increased 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. Baird R W raised Norfolk Southern to a “hold” rating in a report on Tuesday, July 1st. Robert W. Baird increased their price objective on Norfolk Southern from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Finally, Evercore ISI raised their price target on Norfolk Southern from $289.00 to $298.00 in a report on Thursday, September 25th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of “Hold” and a consensus price target of $293.80.

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.