Hsbc Holdings PLC Has $108.29 Million Position in Norfolk Southern Corporation $NSC

Hsbc Holdings PLC increased its stake in Norfolk Southern Corporation (NYSE:NSC) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,967 shares of the railroad operator’s stock after purchasing an additional 49,931 shares during the period. Hsbc Holdings PLC owned 0.17% of Norfolk Southern worth $108,286,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in shares of Norfolk Southern during the third quarter worth $25,000. BNP Paribas bought a new position in Norfolk Southern in the second quarter valued at about $26,000. GoalVest Advisory LLC boosted its holdings in Norfolk Southern by 933.3% in the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 84 shares during the last quarter. Meeder Asset Management Inc. increased its position in Norfolk Southern by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 95 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 67 shares during the period. Finally, FNY Investment Advisers LLC raised its holdings in Norfolk Southern by 669.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 100 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Rothschild & Co Redburn upped their target price on shares of Norfolk Southern from $308.00 to $315.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price target on Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Sanford C. Bernstein decreased their price objective on Norfolk Southern from $322.00 to $313.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. BMO Capital Markets upped their price objective on Norfolk Southern from $305.00 to $310.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, Citigroup reissued a “neutral” rating on shares of Norfolk Southern in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $322.71.

Norfolk Southern Stock Down 0.1%

NYSE:NSC opened at $299.81 on Monday. Norfolk Southern Corporation has a 1 year low of $251.62 and a 1 year high of $326.00. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a market cap of $67.33 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 5.54 and a beta of 1.27. The stock has a 50-day moving average price of $309.83 and a two-hundred day moving average price of $300.69.

Norfolk Southern (NYSE:NSC) last released its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $2.69 earnings per share. Norfolk Southern’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts expect that Norfolk Southern Corporation will post 12.12 earnings per share for the current year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, May 8th. Norfolk Southern’s dividend payout ratio (DPR) is 45.49%.

Norfolk Southern Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.