Norfolk Southern Co. (NYSE:NSC) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. trimmed its position in Norfolk Southern Co. (NYSE:NSC - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,740 shares of the railroad operator's stock after selling 2,416 shares during the quarter. TCV Trust & Wealth Management Inc.'s holdings in Norfolk Southern were worth $4,398,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Leavell Investment Management Inc. increased its holdings in shares of Norfolk Southern by 0.9% in the fourth quarter. Leavell Investment Management Inc. now owns 5,816 shares of the railroad operator's stock worth $1,365,000 after purchasing an additional 50 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Norfolk Southern in the fourth quarter worth about $86,000. Essex Financial Services Inc. increased its holdings in shares of Norfolk Southern by 10.1% in the fourth quarter. Essex Financial Services Inc. now owns 4,660 shares of the railroad operator's stock worth $1,094,000 after purchasing an additional 426 shares during the last quarter. Sapient Capital LLC increased its holdings in shares of Norfolk Southern by 2.5% in the fourth quarter. Sapient Capital LLC now owns 3,189 shares of the railroad operator's stock worth $748,000 after purchasing an additional 77 shares during the last quarter. Finally, Pineridge Advisors LLC increased its holdings in shares of Norfolk Southern by 781.3% in the fourth quarter. Pineridge Advisors LLC now owns 141 shares of the railroad operator's stock worth $33,000 after purchasing an additional 125 shares during the last quarter. 75.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Robert W. Baird lifted their price target on Norfolk Southern from $260.00 to $270.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on Norfolk Southern from $320.00 to $300.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Evercore ISI dropped their price target on Norfolk Southern from $276.00 to $274.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on Norfolk Southern from $275.00 to $286.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, TD Cowen lifted their price target on Norfolk Southern from $253.00 to $259.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $276.11.

Insider Buying and Selling

In other Norfolk Southern news, Director Gilbert H. Lamphere acquired 607 shares of Norfolk Southern stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $259.86 per share, with a total value of $157,735.02. Following the completion of the purchase, the director now directly owns 2,487 shares of the company's stock, valued at approximately $646,271.82. This represents a 32.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameh Fahmy acquired 350 shares of Norfolk Southern stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $249.37 per share, with a total value of $87,279.50. Following the purchase, the director now directly owns 10,350 shares of the company's stock, valued at $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by insiders.

Norfolk Southern Trading Down 0.5 %

Shares of Norfolk Southern stock traded down $1.32 on Friday, hitting $255.90. 908,786 shares of the company traded hands, compared to its average volume of 1,245,843. The stock's 50 day moving average price is $245.35 and its 200-day moving average price is $250.44. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. Norfolk Southern Co. has a 52 week low of $206.71 and a 52 week high of $277.60. The company has a market cap of $57.89 billion, a PE ratio of 22.14, a PEG ratio of 2.32 and a beta of 1.35.

Norfolk Southern (NYSE:NSC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The railroad operator reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a net margin of 21.63% and a return on equity of 20.04%. Equities research analysts predict that Norfolk Southern Co. will post 13.02 EPS for the current year.

Norfolk Southern Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Friday, February 7th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, February 7th. Norfolk Southern's dividend payout ratio is presently 46.71%.

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.