St. James Investment Company buys $772,004 stake in Norfolk Southern Corp. (NSC)

Norfolk Southern Corp. (NSC) : St. James Investment Company scooped up 1,270 additional shares in Norfolk Southern Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 8,740 shares of Norfolk Southern Corp. which is valued at $772,004.Norfolk Southern Corp. makes up approximately 0.10% of St. James Investment Company’s portfolio.

Other Hedge Funds, Including , Agf Investments reduced its stake in NSC by selling 51 shares or 40.8% in the most recent quarter. The Hedge Fund company now holds 74 shares of NSC which is valued at $6,536.Country Club Trust Company N.a. reduced its stake in NSC by selling 565 shares or 13.23% in the most recent quarter. The Hedge Fund company now holds 3,705 shares of NSC which is valued at $340,897. Norfolk Southern Corp. makes up approx 0.05% of Country Club Trust Company N.a.’s portfolio.

Norfolk Southern Corp. closed down -0.13 points or -0.15% at $87.61 with 16,84,839 shares getting traded on Thursday. Post opening the session at $87.57, the shares hit an intraday low of $86.88 and an intraday high of $88.31 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 Resumed by Morgan Stanley to “Underweight” on Jun 3, 2016. Norfolk Southern Corp. was Initiated by Credit Agricole to “Outperform” on May 19, 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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