Foster Victor Wealth Advisors LLC Sells 42 Shares of Norfolk Southern Co. (NYSE:NSC)

Foster Victor Wealth Advisors LLC decreased its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,001 shares of the railroad operator’s stock after selling 42 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Norfolk Southern were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new position in shares of Norfolk Southern in the 3rd quarter worth $25,000. Morse Asset Management Inc purchased a new stake in Norfolk Southern during the third quarter valued at approximately $30,000. Coastline Trust Co bought a new stake in shares of Norfolk Southern during the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in Norfolk Southern during the third quarter valued at about $33,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Norfolk Southern in the second quarter worth about $39,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI dropped their price target on Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Benchmark boosted their target price on shares of Norfolk Southern from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Loop Capital boosted their target price on Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $277.39.

Insider Buying and Selling

In other news, Director Sameh Fahmy acquired 350 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the acquisition, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

Norfolk Southern Stock Performance

NSC opened at $256.78 on Thursday. The stock has a market cap of $58.09 billion, a P/E ratio of 24.11, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. The firm has a fifty day moving average price of $249.41 and a 200 day moving average price of $248.64. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 19.85% and a return on equity of 20.25%. Equities research analysts anticipate that Norfolk Southern Co. will post 11.78 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Friday, February 7th will be paid a $1.35 dividend. The ex-dividend date is Friday, February 7th. This represents a $5.40 dividend on an annualized basis and a yield of 2.10%. Norfolk Southern’s dividend payout ratio is currently 50.70%.

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.