Kendall Capital Management Has $693,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Kendall Capital Management trimmed its holdings in shares of Norfolk Southern Co. (NYSE:NSC) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,952 shares of the railroad operator’s stock after selling 234 shares during the period. Kendall Capital Management’s holdings in Norfolk Southern were worth $693,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Financial Life Planners acquired a new stake in Norfolk Southern in the 4th quarter valued at about $27,000. Keystone Financial Group Inc. bought a new position in Norfolk Southern in the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust bought a new position in shares of Norfolk Southern during the fourth quarter worth approximately $27,000. Vision Financial Markets LLC bought a new position in shares of Norfolk Southern during the fourth quarter worth approximately $28,000. Finally, Morse Asset Management Inc bought a new position in shares of Norfolk Southern during the third quarter worth approximately $30,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gilbert H. Lamphere bought 607 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $259.86 per share, with a total value of $157,735.02. Following the completion of the purchase, the director now directly owns 2,487 shares of the company’s stock, valued at approximately $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sameh Fahmy purchased 350 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $249.37 per share, with a total value of $87,279.50. Following the completion of the purchase, the director now owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is owned by insiders.

Norfolk Southern Price Performance

Shares of NYSE:NSC opened at $243.89 on Monday. The firm has a market cap of $55.22 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. The firm’s fifty day moving average is $246.51 and its 200-day moving average is $250.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.90. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60.

Norfolk Southern (NYSE:NSC) last issued its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Sell-side analysts predict that Norfolk Southern Co. will post 13 earnings per share for the current year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio is presently 46.71%.

Wall Street Analyst Weigh In

NSC has been the topic of several recent research reports. Stephens raised their target price on shares of Norfolk Southern from $260.00 to $275.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Barclays increased their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup increased their price target on shares of Norfolk Southern from $302.00 to $316.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Susquehanna reduced their price target on shares of Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $276.95.

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.