Norfolk Southern Co. (NYSE:NSC) Stake Lessened by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its holdings in Norfolk Southern Co. (NYSE:NSC) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,719 shares of the railroad operator’s stock after selling 160 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Norfolk Southern were worth $4,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in Norfolk Southern in the 3rd quarter worth approximately $25,000. Morse Asset Management Inc acquired a new position in shares of Norfolk Southern in the third quarter worth $30,000. Coastline Trust Co purchased a new stake in shares of Norfolk Southern during the third quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in Norfolk Southern during the third quarter valued at $33,000. Finally, HWG Holdings LP purchased a new position in Norfolk Southern in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Performance

NSC opened at $254.91 on Monday. Norfolk Southern Co. has a 12-month low of $206.71 and a 12-month high of $277.60. The firm has a market capitalization of $57.67 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. The stock’s 50 day moving average price is $249.61 and its two-hundred day moving average price is $248.15. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21.

Analyst Upgrades and Downgrades

NSC has been the subject of a number of recent research reports. Susquehanna cut their price target on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Bank of America raised their price objective on shares of Norfolk Southern from $276.00 to $291.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI decreased their target price on shares of Norfolk Southern from $276.00 to $274.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Norfolk Southern from $283.00 to $288.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Loop Capital lifted their price objective on shares of Norfolk Southern from $285.00 to $287.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $275.68.

Insider Transactions at Norfolk Southern

In related news, Director Sameh Fahmy bought 350 shares of Norfolk Southern stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the purchase, the director now owns 10,350 shares in the company, valued at approximately $2,580,979.50. This represents a 3.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

About Norfolk Southern

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.