Wilbanks Smith & Thomas Asset Management LLC Has Raised Norfolk Southern Corporation (NSC) Stake by $5.33 Million as Share Price Declined

June 20, 2017 - By Clifton Ray

Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.09, from 0.9 in 2016Q3. It is negative, as 54 investors sold NSC shares while 354 reduced holdings. 87 funds opened positions while 242 raised stakes. 197.51 million shares or 1.15% more from 195.27 million shares in 2016Q3 were reported. Teachers Retirement Systems Of The State Of Kentucky stated it has 36,400 shares or 0.05% of all its holdings. Campbell Newman Asset Management has 0.19% invested in Norfolk Southern Corp. (NYSE:NSC) for 9,165 shares. Ig Investment Management has 5,500 shares for 0% of their portfolio. 4,190 are owned by Dearborn Partners Lc. Personal invested in 257,023 shares or 0.83% of the stock. Guggenheim Capital Ltd Company reported 316,534 shares. Bnp Paribas Arbitrage Sa invested in 48,554 shares or 0.02% of the stock. New York-based Alliancebernstein Lp has invested 0.05% in Norfolk Southern Corp. (NYSE:NSC). Stephens Ar reported 12,106 shares or 0.05% of all its holdings. Acropolis Lc has 6,367 shares. 6,500 were accumulated by Regent Invest Mngmt Ltd Liability Corp. Parametric Portfolio Assocs Limited Liability Corp accumulated 856,069 shares. Cambiar Lc accumulated 0.77% or 417,280 shares. Goelzer Inv Mngmt reported 6,551 shares or 0.09% of all its holdings. Country Club Trust Na reported 0.06% in Norfolk Southern Corp. (NYSE:NSC).

Since January 26, 2017, it had 0 insider purchases, and 15 insider sales for $7.00 million activity. Hurlbut Thomas E sold $71,784 worth of Norfolk Southern Corp. (NYSE:NSC) on Wednesday, February 1. 2,093 shares were sold by STEWART MARTA R, worth $255,304. $117 worth of Norfolk Southern Corp. (NYSE:NSC) shares were sold by LOCKHART MICHAEL D. 5,934 shares valued at $706,917 were sold by Galanko William Andrew on Monday, February 6. Squires James A sold 34,417 shares worth $4.12M. 1 shares were sold by BUSH WESLEY G, worth $119.

Wilbanks Smith & Thomas Asset Management Llc increased its stake in Norfolk Southern Corporation (NSC) by 12.33% based on its latest 2016Q4 regulatory filing with the SEC. Wilbanks Smith & Thomas Asset Management Llc bought 49,369 shares as the company’s stock declined 7.75% while stock markets rallied. The institutional investor held 449,642 shares of the railroads company at the end of 2016Q4, valued at $48.59M, up from 400,273 at the end of the previous reported quarter. Wilbanks Smith & Thomas Asset Management Llc who had been investing in Norfolk Southern Corporation for a number of months, seems to be bullish on the $34.75B market cap company. The stock declined 0.99% or $1.19 reaching $118.93 on the news. About 45,513 shares traded. Norfolk Southern Corp. (NYSE:NSC) has risen 34.32% since June 20, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

More important recent Norfolk Southern Corp. (NYSE:NSC) news were published by: Law360.com which released: “CSX, Norfolk Southern Slam ‘Exorbitant’ Rail Rental Deal Suit” on June 02, 2017, also Investorplace.com published article titled: “Why You Should Add Norfolk Southern Corp. Stock (NSC) to Your Portfolio”, Seekingalpha.com published: “Norfolk Southern (NSC) Q1 2017 Results – Earnings Call Transcript” on April 26, 2017. More interesting news about Norfolk Southern Corp. (NYSE:NSC) was released by: Prnewswire.com and their article: “How These Railroads Stocks are Faring? — CSX Corp., Kansas City Southern …” with publication date: May 26, 2017.

Norfolk Southern Corp. (NYSE:NSC) Ratings Coverage

Among 24 analysts covering Norfolk Southern Corp. (NYSE:NSC), 5 have Buy rating, 5 Sell and 14 Hold. Therefore 21% are positive. Norfolk Southern Corp. had 49 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, December 7 by Barclays Capital. Avondale downgraded the stock to “Underperform” rating in Wednesday, October 12 report. The rating was downgraded by Seaport Global to “Neutral” on Monday, January 9. The firm earned “Mkt Perform” rating on Thursday, January 28 by Avondale. The stock has “Peer Perform” rating by Wolfe Research on Wednesday, March 15. UBS maintained the shares of NSC in report on Tuesday, July 28 with “Neutral” rating. The firm has “Underperform” rating by RBC Capital Markets given on Thursday, March 23. The firm has “Neutral” rating by Citigroup given on Tuesday, September 13. The stock has “Buy” rating by Bank of America on Friday, September 11. The rating was initiated by Deutsche Bank with “Buy” on Wednesday, November 2.

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