Norfolk Souther Corporation (NYSE:NSC) is expected to pay $0.59 on Dec 10, 2016. The indicated annual dividend is $2.36. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Norfolk Souther Corporation’s current price of $93.00, the dividend is 0.63%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.79% or $0.73 on October 31, hitting $93. Norfolk Southern Corp. (NYSE:NSC) has risen 9.73% since March 30, 2016 and is uptrending. It has outperformed by 6.72% the S&P500.
Norfolk Southern Corporation is a holding firm engaged in the rail transportation business. The company has a market cap of $27.37 billion. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. It has a 17.24 P/E ratio. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.
Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.16, from 0.8 in 2016Q1. The ratio improved, as 48 funds sold all Norfolk Southern Corp. shares owned while 317 reduced positions. 77 funds bought stakes while 272 increased positions. They now own 196.51 million shares or 2.16% less from 200.85 million shares in 2016Q1.
Qci Asset Mngmt Ny accumulated 0.01% or 1,146 shares. Wetherby Asset Inc last reported 4,084 shares in the company. Westport Resource Mngmt, a Connecticut-based fund reported 899 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.11% or 29,946 shares in its portfolio. Tdam Usa accumulated 37,248 shares or 0.16% of the stock. Janus Cap Management Limited Company last reported 41,609 shares in the company. Burt Wealth Advisors owns 201 shares or 0.02% of their US portfolio. Blackrock Institutional Trust Co Na reported 8.18M shares or 0.11% of all its holdings. Moreover, Savant Capital Llc has 0.13% invested in Norfolk Southern Corp. (NYSE:NSC) for 5,521 shares. Citizens & Northern Corporation, a Pennsylvania-based fund reported 8,993 shares. Meiji Yasuda Asset Management holds 6,355 shares or 0.08% of its portfolio. Natl Planning has 4,330 shares for 0.03% of their US portfolio. Royal London Asset Mgmt Limited owns 102,123 shares or 0.14% of their US portfolio. Mitsubishi Ufj Securities Communications Ltd, a Japan-based fund reported 120 shares. Tudor Investment Et Al holds 0% or 2,420 shares in its portfolio.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 6 insider sales for $1.64 million net activity. Hurlbut Thomas E sold $46,647 worth of stock or 528 shares. STEWART MARTA R sold $280,538 worth of stock or 3,064 shares. $941,508 worth of Norfolk Southern Corp. (NYSE:NSC) was sold by HIXON JAMES A on Monday, August 29.
Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage
Out of 21 analysts covering Norfolk Southern Corp. (NYSE:NSC), 4 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 19% are positive. Norfolk Southern Corp. has been the topic of 38 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Macquarie Research to “Underperform” on Monday, November 2. On Wednesday, April 6 the stock rating was maintained by Citigroup with “Neutral”. The company was initiated on Thursday, May 19 by CLSA. The firm earned “Hold” rating on Friday, July 31 by Argus Research. On Monday, April 11 the stock rating was maintained by Barclays Capital with “Equal-Weight”. RBC Capital Markets maintained Norfolk Southern Corp. (NYSE:NSC) on Thursday, October 29 with “Sector Perform” rating. Barclays Capital upgraded Norfolk Southern Corp. (NYSE:NSC) on Monday, December 7 to “Equal-Weight” rating. The firm earned “Outperform” rating on Thursday, January 28 by Cowen & Co. The firm has “Market Perform” rating given on Thursday, June 16 by Oppenheimer. The firm earned “Hold” rating on Thursday, August 4 by Loop Capital.
More news for Norfolk Southern Corp. (NYSE:NSC) were recently published by: Wsj.com, which released: “Norfolk Southern Earnings Narrowly Top Views Amid Cost Cuts” on July 27, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” and published on August 02, 2016 is yet another important article.
NSC Company Profile
Norfolk Southern Corporation, incorporated on August 24, 2009, is a holding firm engaged in the rail transportation business. The Firm operates approximately 20,000 miles of road primarily in the East and Midwest. The Firm is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest, and through interchange with rail carriers, to and from the rest of the United States. The Firm also transports overseas freight through various Atlantic and Gulf Coast ports. The Firm provides logistics services and offers the intermodal network in the eastern half of the United States. The Company’s system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area.
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