Tokio Marine Asset Management Co. Ltd. Has $479,000 Position in Norfolk Souther Corporation (NYSE:NSC)

Tokio Marine Asset Management Co. Ltd. cut its position in shares of Norfolk Souther Corporation (NYSE:NSC) by 20.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,276 shares of the railroad operator’s stock after selling 1,130 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Norfolk Souther Corporation were worth $479,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NSC. SRS Capital Advisors Inc. acquired a new position in shares of Norfolk Souther Corporation during the fourth quarter worth approximately $106,000. MCF Advisors LLC increased its position in shares of Norfolk Souther Corporation by 31.4% in the first quarter. MCF Advisors LLC now owns 949 shares of the railroad operator’s stock worth $106,000 after buying an additional 227 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Norfolk Souther Corporation by 35.3% in the first quarter. Parkside Financial Bank & Trust now owns 958 shares of the railroad operator’s stock worth $107,000 after buying an additional 250 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Norfolk Souther Corporation during the first quarter worth approximately $125,000. Finally, State of Alaska Department of Revenue purchased a new stake in Norfolk Souther Corporation during the first quarter worth $168,000. 70.18% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Souther Corporation (NYSE:NSC) traded up 1.08% during mid-day trading on Friday, hitting $114.23. 1,656,332 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $119.90 and a 200 day moving average of $117.94. The stock has a market capitalization of $32.92 billion, a P/E ratio of 18.56 and a beta of 1.35. Norfolk Souther Corporation has a 52 week low of $86.88 and a 52 week high of $125.31.

Norfolk Souther Corporation (NYSE:NSC) last issued its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Norfolk Souther Corporation had a net margin of 17.66% and a return on equity of 14.45%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that Norfolk Souther Corporation will post $6.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Norfolk Souther Corporation’s dividend payout ratio is currently 39.61%.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/07/29/tokio-marine-asset-management-co-ltd-lowers-position-in-norfolk-souther-corporation-nysensc-updated-updated-updated.html.

NSC has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $130.00 price target on shares of Norfolk Souther Corporation in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Tuesday, June 13th. ValuEngine raised shares of Norfolk Souther Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. UBS AG reaffirmed a “buy” rating and set a $138.00 price target (up from $135.00) on shares of Norfolk Souther Corporation in a report on Friday, April 28th. Finally, Deutsche Bank AG raised their price objective on shares of Norfolk Souther Corporation from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $113.00.

In other Norfolk Souther Corporation news, VP Thomas E. Hurlbut sold 1,427 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $116.92, for a total transaction of $166,844.84. Following the transaction, the vice president now directly owns 5,102 shares in the company, valued at approximately $596,525.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas E. Hurlbut sold 802 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $116.54, for a total transaction of $93,465.08. Following the transaction, the vice president now owns 4,300 shares in the company, valued at $501,122. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

About Norfolk Souther Corporation

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.

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

Receive News & Ratings for Norfolk Souther Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norfolk Souther Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply