Norfolk Southern Corp. (NSC) : Strategic Advisors scooped up 21 additional shares in Norfolk Southern Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 21,684 shares of Norfolk Southern Corp. which is valued at $1,989,507.Norfolk Southern Corp. makes up approximately 1.12% of Strategic Advisors’s portfolio.
Other Hedge Funds, Including , Berkshire Asset Managementpa boosted its stake in NSC in the latest quarter, The investment management firm added 6,471 additional shares and now holds a total of 78,454 shares of Norfolk Southern Corp. which is valued at $7,198,155. Norfolk Southern Corp. makes up approx 1.06% of Berkshire Asset Managementpa’s portfolio.Atria Investments reduced its stake in NSC by selling 70 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 3,535 shares of NSC which is valued at $320,872. Norfolk Southern Corp. makes up approx 0.03% of Atria Investments’s portfolio. Searle sold out all of its stake in NSC during the most recent quarter. The investment firm sold 2,847 shares of NSC which is valued $258,422.Curian Capital reduced its stake in NSC by selling 36,041 shares or 77.66% in the most recent quarter. The Hedge Fund company now holds 10,368 shares of NSC which is valued at $896,003. Norfolk Southern Corp. makes up approx 0.06% of Curian Capital’s portfolio.
Norfolk Southern Corp. opened for trading at $91.4 and hit $92.01 on the upside on Wednesday, eventually ending the session at $91.75, with a gain of 0.38% or 0.35 points. The heightened volatility saw the trading volume jump to 13,71,693 shares. Company has a market cap of $27,134 M.
On the company’s financial health, Norfolk Southern Corp. reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.97. The company had revenue of $2420.00 million for the quarter, compared to analysts expectations of $2399.88 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 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 Corp. was Resumed by JP Morgan to “Neutral” on Apr 25, 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.