14,457 Shares in CSX Co. (NASDAQ:CSX) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in shares of CSX Co. (NASDAQ:CSX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,457 shares of the transportation company's stock, valued at approximately $499,000.

Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of CSX during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new position in shares of CSX during the second quarter worth $27,000. Morton Brown Family Wealth LLC purchased a new stake in CSX in the 3rd quarter valued at $31,000. Fairscale Capital LLC purchased a new position in shares of CSX during the 2nd quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in CSX during the second quarter worth $33,000. Institutional investors own 73.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays reduced their price target on CSX from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 25th. Wells Fargo & Company cut their price objective on CSX from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of CSX from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. Evercore ISI decreased their target price on shares of CSX from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Finally, BMO Capital Markets cut their price target on shares of CSX from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.72.

CSX Stock Performance

Shares of NASDAQ:CSX traded down $0.39 on Tuesday, reaching $36.13. The company's stock had a trading volume of 11,152,911 shares, compared to its average volume of 11,737,476. The stock has a market capitalization of $69.67 billion, a P/E ratio of 19.42, a PEG ratio of 2.28 and a beta of 1.19. CSX Co. has a 52-week low of $30.30 and a 52-week high of $40.12. The stock's 50-day moving average is $34.19 and its two-hundred day moving average is $33.84. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last posted its earnings results on Wednesday, October 16th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). CSX had a return on equity of 28.92% and a net margin of 24.77%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The company's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that CSX Co. will post 1.84 EPS for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. CSX's dividend payout ratio is 25.81%.

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.