Glass Jacobson Investment Advisors llc Sells 588 Shares of Norfolk Southern Corporation $NSC

Glass Jacobson Investment Advisors llc lowered its position in Norfolk Southern Corporation (NYSE:NSC) by 57.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 430 shares of the railroad operator’s stock after selling 588 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Norfolk Southern were worth $110,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in Norfolk Southern in the 1st quarter worth about $27,000. Physician Wealth Advisors Inc. grew its stake 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 buying an additional 84 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Norfolk Southern in the first quarter worth approximately $41,000. Golden State Wealth Management LLC raised its holdings in shares of Norfolk Southern by 883.3% in the first quarter. Golden State Wealth Management LLC now owns 177 shares of the railroad operator’s stock worth $42,000 after buying an additional 159 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Norfolk Southern by 30.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 184 shares of the railroad operator’s stock worth $47,000 after acquiring an additional 43 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSC. Bank of America increased their target price on Norfolk Southern from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Citigroup decreased their price objective on shares of Norfolk Southern from $316.00 to $307.00 and set a “neutral” rating for the company in a report on Friday. Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price on shares of Norfolk Southern in a research note on Friday, July 25th. BMO Capital Markets lifted their price target on shares of Norfolk Southern from $285.00 to $305.00 and gave the company a “market perform” rating in a research note on Friday. Finally, UBS Group lowered their price target on Norfolk Southern from $321.00 to $320.00 and set a “buy” rating for the company in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $299.70.

Norfolk Southern Stock Performance

Shares of NSC stock opened at $280.29 on Friday. The firm has a market cap of $62.96 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.52 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 company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $285.78 and its 200 day moving average is $262.58.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.01). Norfolk Southern had a net margin of 24.22% and a return on equity of 19.13%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business posted $3.25 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, November 7th will be issued a $1.35 dividend. The ex-dividend date is Friday, November 7th. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Norfolk Southern’s payout ratio is currently 36.49%.

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.