Koshinski Asset Management Inc. Sells 8,775 Shares of Norfolk Southern Co. (NYSE:NSC)

Koshinski Asset Management Inc. lowered its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 89.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 981 shares of the railroad operator’s stock after selling 8,775 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Norfolk Southern were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NSC. Worth Asset Management LLC acquired a new stake in Norfolk Southern during the first quarter worth $30,000. Exchange Traded Concepts LLC boosted its stake in Norfolk Southern by 662.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 122 shares of the railroad operator’s stock worth $29,000 after buying an additional 106 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Norfolk Southern during the fourth quarter worth $32,000. Provence Wealth Management Group acquired a new stake in Norfolk Southern during the third quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Norfolk Southern by 317.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 146 shares of the railroad operator’s stock worth $35,000 after buying an additional 111 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Analyst Ratings Changes

NSC has been the topic of a number of recent research reports. UBS Group upgraded shares of Norfolk Southern from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $238.00 to $302.00 in a research note on Monday, March 4th. BMO Capital Markets reduced their target price on shares of Norfolk Southern from $250.00 to $245.00 and set a “market perform” rating on the stock in a research note on Monday, January 29th. TD Cowen boosted their target price on shares of Norfolk Southern from $236.00 to $253.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $270.00 target price on shares of Norfolk Southern in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Norfolk Southern from $252.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Norfolk Southern currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.33.

Norfolk Southern Stock Down 1.1 %

Shares of NYSE NSC opened at $242.90 on Wednesday. The firm’s 50-day simple moving average is $253.73 and its 200 day simple moving average is $230.32. The company has a market cap of $59.80 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 3.33 and a beta of 1.30. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 1.34. Norfolk Southern Co. has a 12-month low of $183.09 and a 12-month high of $263.66.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings data on Friday, January 26th. The railroad operator reported $2.83 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.04). The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. Norfolk Southern had a return on equity of 21.06% and a net margin of 15.03%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.42 earnings per share. On average, research analysts expect that Norfolk Southern Co. will post 12 earnings per share for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 2nd were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $5.40 annualized dividend and a yield of 2.22%. Norfolk Southern’s dividend payout ratio is currently 67.33%.

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.