Russell Investments Group Ltd. decreased its holdings in Norfolk Southern Corp. (NYSE:NSC) by 15.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,385 shares of the railroad operator’s stock after selling 34,322 shares during the quarter. Russell Investments Group Ltd.’s holdings in Norfolk Southern were worth $33,196,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NSC. Cox Capital Mgt LLC raised its position in Norfolk Southern by 2.5% in the second quarter. Cox Capital Mgt LLC now owns 5,069 shares of the railroad operator’s stock worth $1,010,000 after acquiring an additional 122 shares in the last quarter. Private Trust Co. NA increased its position in shares of Norfolk Southern by 10.2% in the second quarter. Private Trust Co. NA now owns 2,832 shares of the railroad operator’s stock valued at $564,000 after buying an additional 263 shares in the last quarter. DNB Asset Management AS increased its position in shares of Norfolk Southern by 21.8% in the second quarter. DNB Asset Management AS now owns 61,233 shares of the railroad operator’s stock valued at $12,206,000 after buying an additional 10,974 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Norfolk Southern by 145.9% in the second quarter. WINTON GROUP Ltd now owns 238,265 shares of the railroad operator’s stock valued at $47,493,000 after buying an additional 141,363 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its position in shares of Norfolk Southern by 3.7% in the second quarter. Carroll Financial Associates Inc. now owns 6,041 shares of the railroad operator’s stock valued at $1,204,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 72.95% of the company’s stock.

A number of research analysts recently issued reports on the company. TD Securities reduced their price objective on Norfolk Southern from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Barclays dropped their price target on Norfolk Southern from $200.00 to $195.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. UBS Group dropped their price target on Norfolk Southern from $230.00 to $216.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Credit Suisse Group raised their price target on Norfolk Southern from $198.00 to $199.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Cascend Securities cut Norfolk Southern from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $204.29.

NSC stock opened at $195.58 on Friday. The stock has a market capitalization of $50.53 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.37. The company’s 50-day moving average is $181.65 and its 200-day moving average is $189.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.73 and a quick ratio of 0.63. Norfolk Southern Corp. has a 1 year low of $138.65 and a 1 year high of $211.46.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, October 23rd. The railroad operator reported $2.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.08). Norfolk Southern had a net margin of 23.98% and a return on equity of 18.22%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the business posted $2.52 EPS. Norfolk Southern’s revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that Norfolk Southern Corp. will post 10.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 1st will be given a $0.94 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.76 annualized dividend and a yield of 1.92%. Norfolk Southern’s payout ratio is 39.54%.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. The company transports industrial products, including chemicals, agriculture, and metals and construction materials; and coal, automobiles, and automotive parts.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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