Physician Wealth Advisors Inc. Buys New Position in CSX Co. (NASDAQ:CSX)

Physician Wealth Advisors Inc. purchased a new stake in CSX Co. (NASDAQ:CSX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,499 shares of the transportation company’s stock, valued at approximately $81,000.

Several other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of CSX in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new position in shares of CSX in the fourth quarter valued at about $33,000. Center for Financial Planning Inc. raised its stake in shares of CSX by 205.7% in the fourth quarter. Center for Financial Planning Inc. now owns 1,070 shares of the transportation company’s stock worth $35,000 after purchasing an additional 720 shares during the last quarter. Atala Financial Inc acquired a new stake in shares of CSX during the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC purchased a new stake in CSX in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CSX has been the subject of a number of recent research reports. Susquehanna reduced their price target on shares of CSX from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Thursday. Raymond James reissued an “outperform” rating and set a $37.00 target price (down previously from $38.00) on shares of CSX in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSX in a report on Monday, January 27th. Citigroup reduced their price objective on CSX from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped their target price on CSX from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

CSX Price Performance

Shares of CSX stock opened at $29.11 on Monday. The stock has a market capitalization of $54.86 billion, a P/E ratio of 16.26, a PEG ratio of 1.92 and a beta of 1.25. The business has a 50 day simple moving average of $31.75 and a two-hundred day simple moving average of $33.20. CSX Co. has a 12 month low of $28.98 and a 12 month high of $37.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 1.23.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%. As a group, analysts predict that CSX Co. will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio is currently 29.05%.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.