Centurylink Investment Management Co Lowers stake in Norfolk Southern Corp. (NSC)

Norfolk Southern Corp. (NSC) : Centurylink Investment Management Co reduced its stake in Norfolk Southern Corp. by 4.47% during the most recent quarter end. The investment management company now holds a total of 20,576 shares of Norfolk Southern Corp. which is valued at $1,947,930 after selling 963 shares in Norfolk Southern Corp. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Norfolk Southern Corp. makes up approximately 0.67% of Centurylink Investment Management Co’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in NSC in the latest quarter, The investment management firm added 1,025 additional shares and now holds a total of 39,442 shares of Norfolk Southern Corp. which is valued at $3,733,974. Norfolk Southern Corp. makes up approx 0.11% of Capstone Asset Management Co’s portfolio.Trust Co Of Oklahoma reduced its stake in NSC by selling 50 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 3,177 shares of NSC which is valued at $307,470. Norfolk Southern Corp. makes up approx 0.17% of Trust Co Of Oklahoma’s portfolio.Chevy Chase Trust Holdings reduced its stake in NSC by selling 2,990 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 263,748 shares of NSC which is valued at $25,594,106. Norfolk Southern Corp. makes up approx 0.14% of Chevy Chase Trust Holdings’s portfolio.North Star Asset Management Inc reduced its stake in NSC by selling 50 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 3,300 shares of NSC which is valued at $320,232. Norfolk Southern Corp. makes up approx 0.04% of North Star Asset Management Inc’s portfolio.

Norfolk Southern Corp. closed down -1.16 points or -1.21% at $94.67 with 30,44,202 shares getting traded on Tuesday. Post opening the session at $96.59, the shares hit an intraday low of $94.25 and an intraday high of $97 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Norfolk Southern Corp. reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.35. The company had revenue of $2454.00 million for the quarter, compared to analysts expectations of $2475.41 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Norfolk Southern Corp.. Norfolk Southern Corp. was Upgraded by BofA/Merrill to ” Buy” on Oct 11, 2016.

Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company 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 Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.

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