H D Vest Advisory Services Has $1.12 Million Stock Position in CSX Co. (NASDAQ:CSX)

H D Vest Advisory Services grew its position in CSX Co. (NASDAQ:CSX) by 36.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,500 shares of the transportation company’s stock after buying an additional 3,907 shares during the quarter. H D Vest Advisory Services’ holdings in CSX were worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSX. IMA Wealth Inc. acquired a new stake in shares of CSX during the first quarter worth approximately $35,000. Kavar Capital Partners LLC acquired a new stake in shares of CSX during the second quarter worth approximately $35,000. Destination Wealth Management acquired a new stake in shares of CSX during the first quarter worth approximately $36,000. FNY Investment Advisers LLC acquired a new stake in shares of CSX during the second quarter worth approximately $36,000. Finally, Field & Main Bank acquired a new stake in shares of CSX during the first quarter worth approximately $41,000. Institutional investors own 75.63% of the company’s stock.

In other news, EVP Nathan D. Goldman sold 7,000 shares of CSX stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total value of $556,500.00. Following the transaction, the executive vice president now owns 79,697 shares of the company’s stock, valued at $6,335,911.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.83% of the company’s stock.

A number of analysts have issued reports on CSX shares. Goldman Sachs Group started coverage on shares of CSX in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $86.00 target price for the company. Zacks Investment Research cut shares of CSX from a “hold” rating to a “sell” rating and set a $83.00 target price for the company. in a research note on Monday, July 8th. Stephens cut shares of CSX from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $86.00 to $79.00 in a research note on Wednesday, July 17th. Cowen reiterated a “market perform” rating and issued a $78.00 target price (down from $80.00) on shares of CSX in a research note on Wednesday, July 17th. Finally, Cascend Securities cut shares of CSX from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.13.

Shares of NASDAQ:CSX traded down $1.15 during trading on Friday, reaching $64.99. The stock had a trading volume of 1,093,937 shares, compared to its average volume of 5,281,558. CSX Co. has a 52 week low of $58.47 and a 52 week high of $80.73. The firm has a market capitalization of $51.71 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.13 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $70.38 and a two-hundred day simple moving average of $74.12.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.03). CSX had a net margin of 27.87% and a return on equity of 26.96%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business earned $1.01 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts forecast that CSX Co. will post 4.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, August 29th. CSX’s dividend payout ratio is 25.00%.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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Institutional Ownership by Quarter for CSX (NASDAQ:CSX)

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