British Airways Pensions Investment Management Ltd Decreases Stake in Norfolk Souther Corporation (NSC)

British Airways Pensions Investment Management Ltd reduced its holdings in Norfolk Souther Corporation (NYSE:NSC) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,386 shares of the railroad operator’s stock after selling 11,049 shares during the period. Norfolk Souther Corporation makes up 1.2% of British Airways Pensions Investment Management Ltd’s holdings, making the stock its 29th biggest position. British Airways Pensions Investment Management Ltd owned 0.11% of Norfolk Souther Corporation worth $39,845,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NSC. D Orazio & Associates Inc. increased its position in shares of Norfolk Souther Corporation by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 891 shares of the railroad operator’s stock valued at $100,000 after acquiring an additional 4 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Norfolk Souther Corporation by 12,069.6% during the second quarter. Harbour Capital Advisors LLC now owns 12,413 shares of the railroad operator’s stock valued at $102,000 after acquiring an additional 12,311 shares during the last quarter. Krilogy Financial LLC increased its position in shares of Norfolk Souther Corporation by 2.6% during the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock valued at $104,000 after acquiring an additional 22 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Norfolk Souther Corporation by 20.7% during the second quarter. AlphaMark Advisors LLC now owns 875 shares of the railroad operator’s stock valued at $106,000 after acquiring an additional 150 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Norfolk Souther Corporation by 29.2% in the first quarter. Parallel Advisors LLC now owns 974 shares of the railroad operator’s stock valued at $114,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 70.88% of the company’s stock.

In other news, COO Michael Joseph Wheeler sold 2,370 shares of Norfolk Souther Corporation stock in a transaction on Friday, August 25th. The shares were sold at an average price of $118.68, for a total value of $281,271.60. Following the transaction, the chief operating officer now directly owns 13,492 shares of the company’s stock, valued at approximately $1,601,230.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas E. Hurlbut sold 300 shares of Norfolk Souther Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $118.80, for a total transaction of $35,640.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at $475,200. The disclosure for this sale can be found here. Insiders sold a total of 6,238 shares of company stock worth $791,456 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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Shares of Norfolk Souther Corporation (NYSE:NSC) traded up $2.80 during trading hours on Friday, hitting $129.22. 1,368,200 shares of the stock traded hands, compared to its average volume of 1,774,251. The stock has a market cap of $36,174.93, a P/E ratio of 19.88, a PEG ratio of 1.63 and a beta of 1.37. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.73. Norfolk Souther Corporation has a twelve month low of $102.59 and a twelve month high of $134.52.

Norfolk Souther Corporation (NYSE:NSC) last announced its earnings results on Wednesday, October 25th. The railroad operator reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Norfolk Souther Corporation had a net margin of 17.86% and a return on equity of 14.72%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. equities research analysts expect that Norfolk Souther Corporation will post 6.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 3rd will be issued a $0.61 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.89%. Norfolk Souther Corporation’s payout ratio is 38.36%.

Norfolk Souther Corporation declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 26th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Several research analysts have recently commented on the stock. Wolfe Research raised shares of Norfolk Souther Corporation from a “market perform” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Monday, August 7th. ValuEngine lowered shares of Norfolk Souther Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. UBS AG reissued a “buy” rating and issued a $133.00 price objective on shares of Norfolk Souther Corporation in a research note on Monday, August 14th. BidaskClub lowered shares of Norfolk Souther Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company reissued an “outperform” rating and issued a $130.00 price objective on shares of Norfolk Souther Corporation in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $127.62.

Norfolk Souther Corporation Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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Institutional Ownership by Quarter for Norfolk Souther Corporation (NYSE:NSC)

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