Thomasville National Bank Has $436,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Thomasville National Bank trimmed its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 2,030 shares of the railroad operator’s stock after selling 55 shares during the period. Thomasville National Bank’s holdings in Norfolk Southern were worth $436,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Cedar Wealth Management LLC acquired a new position in Norfolk Southern in the first quarter valued at about $27,000. Rise Advisors LLC bought a new stake in Norfolk Southern during the 1st quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Norfolk Southern during the 4th quarter valued at $32,000. Financial Connections Group Inc. acquired a new position in Norfolk Southern in the fourth quarter valued at about $34,000. Finally, Rational Advisors LLC bought a new stake in shares of Norfolk Southern in the first quarter valued at about $40,000. 75.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSC has been the subject of a number of analyst reports. Sanford C. Bernstein decreased their price target on Norfolk Southern from $288.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. TD Cowen increased their price target on shares of Norfolk Southern from $251.00 to $253.00 and gave the company a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Norfolk Southern from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Benchmark lifted their price target on Norfolk Southern from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on Norfolk Southern from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.24.

Insider Transactions at Norfolk Southern

In related news, CMO Claude E. Elkins sold 8,329 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $228.43, for a total transaction of $1,902,593.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Claude E. Elkins sold 8,329 shares of Norfolk Southern stock in a transaction on Friday, May 10th. The shares were sold at an average price of $228.43, for a total transaction of $1,902,593.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Claude Mongeau purchased 5,650 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were acquired at an average price of $221.00 per share, with a total value of $1,248,650.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $4,420,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 10,350 shares of company stock worth $2,353,715. Corporate insiders own 0.19% of the company’s stock.

Norfolk Southern Stock Performance

NYSE:NSC traded down $3.87 during mid-day trading on Wednesday, reaching $239.98. 904,490 shares of the company’s stock were exchanged, compared to its average volume of 1,311,717. The business’s fifty day simple moving average is $225.68 and its two-hundred day simple moving average is $238.41. Norfolk Southern Co. has a one year low of $183.09 and a one year high of $263.66. The firm has a market capitalization of $54.21 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.41 and a beta of 1.32. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.54 and a current ratio of 0.63.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.20. Norfolk Southern had a net margin of 14.85% and a return on equity of 19.64%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the company posted $2.95 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Norfolk Southern Co. will post 11.78 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 2nd will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, August 2nd. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Norfolk Southern Company 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.