Bartlett & CO. Wealth Management LLC Sells 2,676 Shares of Norfolk Southern Co. (NYSE:NSC)

Bartlett & CO. Wealth Management LLC cut its position in Norfolk Southern Co. (NYSE:NSC) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,940 shares of the railroad operator’s stock after selling 2,676 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Norfolk Southern were worth $17,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of Norfolk Southern during the third quarter valued at approximately $25,000. Morse Asset Management Inc purchased a new stake in Norfolk Southern in the 3rd quarter worth $30,000. HWG Holdings LP bought a new position in shares of Norfolk Southern during the 2nd quarter valued at about $31,000. Coastline Trust Co purchased a new position in shares of Norfolk Southern during the third quarter valued at about $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Norfolk Southern in the third quarter worth about $33,000. 75.10% of the stock is owned by institutional investors.

Insider Activity at Norfolk Southern

In other Norfolk Southern news, Director Sameh Fahmy acquired 350 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $249.37 per share, with a total value of $87,279.50. Following the completion of the acquisition, the director now directly owns 10,350 shares in the company, valued at $2,580,979.50. This represents a 3.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Norfolk Southern Price Performance

Shares of NSC stock opened at $251.74 on Thursday. The company’s 50-day simple moving average is $250.25 and its two-hundred day simple moving average is $247.30. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.73 and a quick ratio of 0.65. Norfolk Southern Co. has a one year low of $206.71 and a one year high of $277.60. The company has a market capitalization of $56.95 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.29 and a beta of 1.34.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings data on Tuesday, October 22nd. The railroad operator reported $3.25 EPS for the quarter, topping the consensus estimate of $3.11 by $0.14. Norfolk Southern had a return on equity of 20.25% and a net margin of 19.85%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the business posted $2.65 EPS. Norfolk Southern’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Norfolk Southern Co. will post 11.78 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Sanford C. Bernstein raised their price target on Norfolk Southern from $285.00 to $286.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on shares of Norfolk Southern from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Evercore ISI decreased their price target on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Loop Capital lifted their price objective on shares of Norfolk Southern from $285.00 to $287.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price on shares of Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Company Profile

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.