Fulton Breakefield Broenniman LLC Has $283,000 Holdings in Norfolk Southern Co. (NYSE:NSC)

Fulton Breakefield Broenniman LLC raised its holdings in Norfolk Southern Co. (NYSE:NSC) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,207 shares of the railroad operator’s stock after acquiring an additional 125 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Norfolk Southern were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NSC. Highline Wealth Partners LLC acquired a new stake in Norfolk Southern during the 3rd quarter worth approximately $25,000. Morse Asset Management Inc bought a new stake in Norfolk Southern in the 3rd quarter valued at $30,000. Coastline Trust Co bought a new stake in Norfolk Southern in the 3rd quarter valued at $32,000. Capital Performance Advisors LLP bought a new position in Norfolk Southern during the 3rd quarter worth about $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Norfolk Southern in the 2nd quarter valued at about $39,000. 75.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sameh Fahmy bought 350 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $249.37 per share, for a total transaction of $87,279.50. Following the completion of the transaction, the director now owns 10,350 shares of the company’s stock, valued at $2,580,979.50. This trade represents a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Norfolk Southern Price Performance

NSC stock opened at $252.20 on Wednesday. The company’s 50-day moving average price is $249.56 and its two-hundred day moving average price is $248.42. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 1.21. The firm has a market cap of $57.06 billion, a P/E ratio of 23.68, a P/E/G ratio of 2.29 and a beta of 1.34.

Norfolk Southern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Friday, February 7th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.14%. Norfolk Southern’s dividend payout ratio (DPR) is currently 50.70%.

Wall Street Analysts Forecast Growth

NSC has been the topic of several research reports. Stephens restated an “equal weight” rating and issued a $263.00 target price on shares of Norfolk Southern in a research note on Wednesday, October 23rd. Barclays lifted their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Susquehanna decreased their price objective on Norfolk Southern from $285.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus increased their price target on Norfolk Southern from $241.00 to $245.00 and gave the company a “hold” rating in a research report on Friday, October 11th. Finally, UBS Group boosted their price target on Norfolk Southern from $289.00 to $309.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $275.68.

Norfolk Southern Company Profile

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.