Outlook Wealth Advisors LLC Has $312,000 Stock Position in Norfolk Southern Co. (NYSE:NSC)

Outlook Wealth Advisors LLC raised its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,224 shares of the railroad operator’s stock after purchasing an additional 140 shares during the period. Outlook Wealth Advisors LLC’s holdings in Norfolk Southern were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NSC. Raleigh Capital Management Inc. boosted its stake in Norfolk Southern by 4.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 956 shares of the railroad operator’s stock valued at $226,000 after acquiring an additional 40 shares during the last quarter. MCF Advisors LLC increased its holdings in Norfolk Southern by 4.2% in the fourth quarter. MCF Advisors LLC now owns 1,016 shares of the railroad operator’s stock valued at $240,000 after purchasing an additional 41 shares during the last quarter. Fiduciary Group LLC increased its holdings in Norfolk Southern by 0.4% in the fourth quarter. Fiduciary Group LLC now owns 9,986 shares of the railroad operator’s stock valued at $2,360,000 after purchasing an additional 41 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its stake in Norfolk Southern by 0.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,456 shares of the railroad operator’s stock valued at $1,762,000 after buying an additional 43 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Norfolk Southern by 2.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,679 shares of the railroad operator’s stock worth $397,000 after buying an additional 43 shares during the last quarter. Institutional investors own 75.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NSC shares. Loop Capital upped their price target on Norfolk Southern from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. boosted their price target on shares of Norfolk Southern from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group raised their price objective on Norfolk Southern from $252.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Susquehanna lowered their price target on Norfolk Southern from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Finally, Benchmark reiterated a “buy” rating and set a $277.00 price objective on shares of Norfolk Southern in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.32.

Norfolk Southern Stock Down 0.4 %

Shares of NYSE:NSC traded down $0.89 during midday trading on Friday, hitting $239.94. The stock had a trading volume of 1,461,075 shares, compared to its average volume of 977,733. The company has a quick ratio of 1.14, a current ratio of 0.68 and a debt-to-equity ratio of 1.37. The business’s 50-day simple moving average is $251.83 and its 200-day simple moving average is $232.49. Norfolk Southern Co. has a 12 month low of $183.09 and a 12 month high of $263.66. The company has a market cap of $54.21 billion, a P/E ratio of 38.64, a PEG ratio of 3.30 and a beta of 1.30.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Wednesday, April 24th. The railroad operator reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $2.58 by ($0.09). Norfolk Southern had a net margin of 11.76% and a return on equity of 19.61%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business earned $3.32 EPS. The business’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Norfolk Southern Co. will post 11.89 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Friday, May 3rd will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $5.40 annualized dividend and a yield of 2.25%. Norfolk Southern’s dividend payout ratio is 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.