Norfolk Southern Corp. VP Sells $488,150 in Stock (NSC)
Norfolk Southern Corp. (NYSE:NSC) VP Deborah H. Butler sold 5,000 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $97.63, for a total transaction of $488,150.00. Following the completion of the transaction, the vice president now directly owns 48,752 shares in the company, valued at approximately $4,759,658. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Norfolk Southern Corp. (NYSE:NSC) traded down 0.16% during mid-day trading on Wednesday, hitting $97.42. 1,031,385 shares of the company’s stock traded hands. Norfolk Southern Corp. has a 1-year low of $70.27 and a 1-year high of $98.12. The stock has a 50-day moving average of $95.48 and a 200-day moving average of $91.78. The company has a market cap of $30.166 billion and a P/E ratio of 16.80.
Norfolk Southern Corp. (NYSE:NSC) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Norfolk Southern Corp. will post $6.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, April 30th.
A number of research firms have recently commented on NSC. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, April 24th. They now have a $109.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Norfolk Southern Corp. in a research note on Thursday, April 10th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Norfolk Southern Corp. from $102.00 to $107.00 in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $99.95.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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