Astoria Portfolio Advisors LLC. Sells 1,007 Shares of CSX Co. (NASDAQ:CSX)

Astoria Portfolio Advisors LLC. cut its position in shares of CSX Co. (NASDAQ:CSX) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,798 shares of the transportation company’s stock after selling 1,007 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in CSX were worth $485,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in shares of CSX in the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new position in shares of CSX in the 4th quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of CSX during the 1st quarter valued at approximately $29,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CSX during the 4th quarter valued at $34,000. Finally, Burkett Financial Services LLC bought a new stake in CSX in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.

CSX Trading Up 1.3 %

NASDAQ:CSX opened at $33.45 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.15. The firm has a 50-day simple moving average of $33.46 and a 200-day simple moving average of $35.11. CSX Co. has a one year low of $29.03 and a one year high of $40.12. The firm has a market cap of $65.39 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.71 and a beta of 1.19.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. CSX’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that CSX Co. will post 1.96 EPS for the current fiscal year.

CSX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 annualized dividend and a yield of 1.43%. CSX’s dividend payout ratio (DPR) is presently 26.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of CSX in a research note on Thursday, April 18th. Wells Fargo & Company assumed coverage on shares of CSX in a research note on Friday, June 7th. They issued an “equal weight” rating and a $35.00 price objective for the company. UBS Group cut their target price on CSX from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada decreased their price target on CSX from $37.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Finally, Bank of America cut their price objective on CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.59.

CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.