Comerica Bank Has $32.74 Million Position in Norfolk Southern Corp. (NSC)

Marco Green
February 3, 2018

Symmetry Peak Management Llc bought 76,600 shares as the company's stock rose 1.94% with the market. The institutional investor held 4,158 shares of the railroads company at the end of 2017Q3, valued at $550,000, down from 6,449 at the end of the previous reported quarter. Tdam Usa Inc who had been investing in Norfolk Southern Corp for a number of months, seems to be bullish on the $41.21B market cap company. National Asset Management Inc. now owns 2,479 shares of the railroad operator's stock valued at $304,000 after buying an additional 346 shares in the last quarter. About 489,813 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since February 3, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Jackson Square Partners Llc decreased its stake in Celgene Corp Com (CELG) by 11.5% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 3,381 shares as the company's stock declined 7.75% while stock markets rallied. The hedge fund run by Warren Lichtenstein held 1.00 million shares of the oil & gas production company at the end of 2017Q3, valued at $1.85 million, up from 167,115 at the end of the previous reported quarter. (NYSE NSC) traded down $3.44 on Friday, hitting $145.03. About 22,520 shares traded or 35.57% up from the average. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since February 3, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Analysts await The Interpublic Group of Companies, Inc. (NYSE:IPG) to report earnings on February, 9. Simmons Bank boosted its holdings in shares of Norfolk Southern by 0.6% in the second quarter. Krilogy Financial LLC raised its stake in Norfolk Souther Corporation by 2.6% in the second quarter.

Symmetry Peak Management Llc, which manages about $875.17M US Long portfolio, decreased its stake in Advanced Micro Devices Inc (NASDAQ:AMD) by 47,500 shares to 12,500 shares, valued at $159,000 in 2017Q3, according to the filing. It also reduced its holding in Iron Mtn Inc New (NYSE:IRM) by 115,799 shares in the quarter, leaving it with 86,122 shares, and cut its stake in Lowes Cos Inc (NYSE:LOW). The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.66 billion. Therefore 59% are positive.

Several brokerages recently weighed in on NSC. The rating was upgraded by Barclays Capital on Monday, December 7 to "Equal-Weight". The firm has "Buy" rating given on Monday, October 17 by Pivotal Research. The firm has "Buy" rating given on Tuesday, January 16 by Susquehanna. The stock has "Outperform" rating by FBR Capital on Friday, September 11. Corporate insiders own 0.36% of the company's stock. (NASDAQ:BIDU) has "Buy" rating given on Friday, October 27 by Jefferies. Moreover, Cibc Ww Markets Corporation has 0.05% invested in Norfolk Southern Corporation (NYSE:NSC) for 41,984 shares. The firm has "Neutral" rating by UBS given on Tuesday, July 28. Wolfe Research downgraded the stock to "Peer Perform" rating in Wednesday, March 15 report. The stock of Norfolk Southern Corporation (NYSE:NSC) has "Mkt Perform" rating given on Thursday, January 28 by Avondale. Morgan Stanley maintained the shares of NSC in report on Thursday, October 26 with "Underweight" rating.

Investors sentiment increased to 1.19 in 2017 Q3. Its down 0.04, from 0.87 in 2017Q2. The stock was sold at an average price of $129.61, for a total transaction of $800,341.75. Point72 Asia (Hong Kong) Ltd reported 1,901 shares. 14,162 were accumulated by Joel Isaacson Co Ltd Company. Manufacturers Life Insur Company The owns 325,385 shares or 0.05% of their United States portfolio. (NYSE:IPG) for 15,774 shares. Alliancebernstein LP holds 0.01% in The Interpublic Group of Companies, Inc. (NYSE:IPG) or 678,408 shares. Dnb Asset Mgmt As has invested 0.01% in The Interpublic Group of Companies, Inc. (NYSE:IPG). 77,520 were accumulated by Bokf Na. Mackenzie has invested 0.01% in Chase Corporation (NYSEAMERICAN:CCF). Fiduciary, Massachusetts-based fund reported 29,001 shares. 603.99 million shares or 0.25% more from 602.51 million shares in 2017Q2 were reported. (NYSE:IPG). Ftb Advisors reported 0.03% stake. Kanawha Capital Mngmt Ltd Liability Corporation reported 1.32% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Its down 0.04, from 1.09 in 2017Q2.

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.04, from 0.87 in 2017Q2. It dropped, as 44 investors sold NSC shares while 341 reduced holdings.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The railroad operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. Norris Perne And French Llp Mi has 2,922 shares for 0.06% of their portfolio. Zeke Advisors Limited Liability Company reported 3,131 shares stake. Moreover, Bessemer Gru has 0.01% invested in Norfolk Southern Corporation (NYSE:NSC) for 12,127 shares. Comerica Bank owned 0.08% of Norfolk Southern worth $32,735,000 as of its most recent SEC filing. Fincl Bank Of America De has invested 0% in Hugoton Royalty Trust (NYSE:HGT). Stock Yards Fincl Bank Tru Comm has invested 0.28% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Northern reported 91,578 shares. Walleye Trading Lc accumulated 58,907 shares or 0.04% of the stock. Guggenheim Capital Limited Liability Company, a Illinois-based fund reported 10,255 shares. The firm's revenue was up 7.2% on a year-over-year basis. analysts forecast that Norfolk Southern Corp. will post 8.28 EPS for the current fiscal year. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. The company was maintained on Thursday, January 28 by Cowen & Co. Also, VP Thomas E. Hurlbut sold 6,175 shares of the firm's stock in a transaction that occurred on Wednesday, November 22nd. As per Wednesday, November 2, the company rating was initiated by Deutsche Bank. Credit Suisse maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, January 25 with "Outperform" rating. The stock presently has an average rating of "Hold" and a consensus target price of $140.85. (NASDAQ:BIDU) on Tuesday, January 23 to "Hold" rating.

Steadfast Capital Management Lp, which manages about $8.17 billion and $6.46 billion US Long portfolio, decreased its stake in Ishares Tr (Call) (TLT) by 1.07M shares to 500,000 shares, valued at $62.38M in 2017Q3, according to the filing.

A number of other large investors have also recently added to or reduced their stakes in the business.

Since August 15, 2017, it had 0 buys, and 4 sales for $3.72 million activity. Cox Christopher K had sold 16,000 shares worth $2.74M. $474,558 worth of stock was sold by Wheeler Michael Joseph on Thursday, October 26.

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