CSX Corporation (NASDAQ:CSX) is expected to pay $0.18 on Dec 15, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on CSX Corporation’s current price of $35.17, the dividend is 0.51%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 22, 2016. The stock increased 0.69% or $0.24 on November 25, hitting $35.17. About 2.52M shares traded hands. CSX Corporation (NASDAQ:CSX) has risen 29.66% since April 25, 2016 and is uptrending. It has outperformed by 23.65% the S&P500.
CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $33.19 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 19.58 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.01, from 0.95 in 2016Q1. The ratio worsened, as 53 funds sold all CSX Corporation shares owned while 275 reduced positions. 64 funds bought stakes while 246 increased positions. They now own 639.14 million shares or 2.82% less from 657.68 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) last reported 131,772 shares in the company. Keybank National Association Oh accumulated 311,996 shares or 0.05% of the stock. Envestnet Asset Mngmt last reported 0.02% of its portfolio in the stock. The California-based Wetherby Asset has invested 0.11% in CSX Corporation (NASDAQ:CSX). Amica Retiree Trust accumulated 5,565 shares or 0.12% of the stock. Moors Cabot accumulated 0.09% or 20,134 shares. Opus Inv Mngmt has 160,000 shares for 0.74% of their US portfolio. Wfg Advsr L P holds 6,537 shares or 0.05% of its portfolio. Advance Capital I accumulated 0.62% or 22,500 shares. Hudock Capital Grp Ltd Company holds 0.03% of its portfolio in CSX Corporation (NASDAQ:CSX) for 1,993 shares. Philadelphia Com has 0.03% invested in the company for 12,942 shares. Loomis Sayles & Lp accumulated 358,273 shares or 0.03% of the stock. Hanson Doremus Inv has 0.02% invested in the company for 1,708 shares. Brown Advisory Inc holds 0.01% of its portfolio in CSX Corporation (NASDAQ:CSX) for 109,418 shares. Smith Salley & Assocs last reported 1.05% of its portfolio in the stock.
Insider Transactions: Since September 26, 2016, the stock had 0 insider buys, and 4 selling transactions for $10.80 million net activity. $500,000 worth of CSX Corporation (NASDAQ:CSX) was sold by GOODEN CLARENCE W. On Monday, October 17 the insider WARD MICHAEL J sold $9.29M.
CSX Corporation (NASDAQ:CSX) Ratings Coverage
Out of 6 analysts covering CSX Corp (NASDAQ:CSX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $33 is the highest target while $25.0 is the lowest. The $27.90 average target is -20.67% below today’s ($35.17) stock price. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, January 14. The firm earned “Buy” rating on Tuesday, January 19 by Argus Research. The stock has “Market Perform” rating given by Cowen & Co on Thursday, January 14. Bank of America upgraded the shares of CSX in a report on Tuesday, February 23 to “Buy” rating.
More news for CSX Corporation (NASDAQ:CSX) were recently published by: Nasdaq.com, which released: “CSX Corporation (CSX) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Globenewswire.com‘s article titled: “CSX Corporation Chief Financial Officer to Address Credit Suisse 4th Annual …” and published on November 21, 2016 is yet another important article.
CSX Company Profile
CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.
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