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Norfolk Southern Corp. (NYSE:NSC) CEO Charles W. Moorman unloaded 122,983 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $107.00, for a total transaction of $13,159,181.00. Following the sale, the chief executive officer now directly owns 316,911 shares in the company, valued at approximately $33,909,477. The transaction was disclosed in a filing with the SEC, which is available at this link.

Norfolk Southern Corp. (NYSE:NSC) traded up 0.89% during mid-day trading on Wednesday, hitting $107.96. The stock had a trading volume of 1,267,709 shares. Norfolk Southern Corp. has a 52 week low of $73.73 and a 52 week high of $108.84. The stock has a 50-day moving average of $104.6 and a 200-day moving average of $99.31. The company has a market cap of $33.415 billion and a price-to-earnings ratio of 17.43.

Norfolk Southern Corp. (NYSE:NSC) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.71 by $0.08. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter last year, the company posted $1.46 earnings per share. Norfolk Southern Corp.’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Norfolk Southern Corp. will post $6.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 30th. This is a positive change from Norfolk Southern Corp.’s previous quarterly dividend of $0.54.

NSC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note on Friday, August 22nd. They now have a $110.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $113.00 price target on the stock, up previously from $109.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Norfolk Southern Corp. in a research note on Thursday, July 24th. They now have a $120.00 price target on the stock, up previously from $115.00. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Norfolk Southern Corp. currently has an average rating of “Buy” and a consensus target price of $107.00.

Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.

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