Gold Investment Management Ltd. Purchases 88 Shares of Norfolk Southern Co. (NYSE:NSC)

Gold Investment Management Ltd. boosted its position in Norfolk Southern Co. (NYSE:NSC) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,106 shares of the railroad operator’s stock after purchasing an additional 88 shares during the period. Gold Investment Management Ltd.’s holdings in Norfolk Southern were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Financial Life Planners purchased a new position in Norfolk Southern during the 4th quarter valued at $27,000. Keystone Financial Group Inc. purchased a new stake in shares of Norfolk Southern during the fourth quarter valued at $27,000. Bank of Jackson Hole Trust bought a new position in shares of Norfolk Southern in the fourth quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in Norfolk Southern in the 4th quarter worth about $28,000. Finally, Morse Asset Management Inc bought a new stake in Norfolk Southern during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling at Norfolk Southern

In related news, Director Gilbert H. Lamphere acquired 607 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $259.86 per share, with a total value of $157,735.02. Following the completion of the acquisition, the director now directly owns 2,487 shares of the company’s stock, valued at $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by company insiders.

Norfolk Southern Stock Performance

Shares of NSC opened at $232.75 on Monday. The stock has a fifty day moving average price of $246.30 and a 200-day moving average price of $250.52. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The firm has a market cap of $52.70 billion, a PE ratio of 20.13, a P/E/G ratio of 2.31 and a beta of 1.35. 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 released its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating 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%. Equities research analysts predict that Norfolk Southern Co. will post 13 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna dropped their target price on shares of Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. upped their target price on Norfolk Southern from $284.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Norfolk Southern in a research report on Friday, March 7th. They set a “buy” rating and a $293.00 price target on the stock. Finally, Stephens lifted their price objective on Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Norfolk Southern presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.95.

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.