Glenview Trust co Has $15.10 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

Glenview Trust co cut its position in Norfolk Southern Co. (NYSE:NSC) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,341 shares of the railroad operator’s stock after selling 33,412 shares during the quarter. Glenview Trust co’s holdings in Norfolk Southern were worth $15,101,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NSC. Financial Life Planners bought a new position in shares of Norfolk Southern in the fourth quarter worth about $27,000. Keystone Financial Group Inc. acquired a new stake in Norfolk Southern in the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new position in Norfolk Southern in the 4th quarter worth approximately $27,000. Morse Asset Management Inc acquired a new position in shares of Norfolk Southern during the third quarter worth approximately $30,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Norfolk Southern in the fourth quarter valued at approximately $28,000. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NYSE:NSC opened at $232.75 on Friday. The stock has a market capitalization of $52.70 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. Norfolk Southern Co. has a 1 year low of $206.71 and a 1 year high of $277.60. The firm has a 50 day moving average of $246.30 and a 200-day moving average of $250.52. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data 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 return on equity of 20.04% and a net margin of 21.63%. As a group, sell-side analysts anticipate that Norfolk Southern Co. will post 13 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Friday, February 7th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, February 7th. Norfolk Southern’s payout ratio is presently 46.71%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NSC shares. Robert W. Baird boosted their target price on shares of Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Susquehanna cut their price objective on shares of Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Loop Capital downgraded Norfolk Southern from a “buy” rating to a “hold” rating and decreased their target price for the stock from $289.00 to $256.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on Norfolk Southern from $284.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on Norfolk Southern from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $276.95.

Insiders Place Their Bets

In other news, Director Gilbert H. Lamphere bought 607 shares of the stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $259.86 per share, with a total value of $157,735.02. Following the purchase, the director now 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

About Norfolk Southern

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.