Economy

Abbot Financial Management Inc. Acquires Shares of 10877 CSX Corporation (CSX)

The fund acquired 10,877 shares of the transportation company's stock, valued at approximately $593,000.

Several research firms have recently weighed in on CSX. Short shares grew from 21,972,680 to 22,875,366 over that period. Janus Capital Management LLC now controls 4,038,944 shares valued at $188,013,000. The Hillsdale Investment Management Inc holds 28,580 shares with $543,000 value, down from 46,580 last quarter. Vanguard Group Inc. raised its holdings in shares of CSX Corporation by 0.5% during the first quarter.

In the transaction dated December 12, 2016, the great number of shares disposed came courtesy the President; Gooden Clarence W disposed a total of 28,587 shares at an average price of $36.92, amounting to approximately $1,055,432. Stratos Wealth Partners LTD. grew its stake in shares of CSX Corporation by 10.6% during the first quarter. The shares were purchased at an average price of $51.59. The value of the company's investment in CSX Corporation increased from $547,000 to $552,000,000 a change of 100,814.1% quarter to quarter.

In other CSX Corporation news, Director Ridge Lp Mantle purchased 1,357,000 shares of CSX Corporation stock in a transaction that occurred on Friday, July 21st. These shares are worth $70,007,630 and were traded at $51.59 each. Following the acquisition, the director now owns 106 shares of the company's stock, valued at approximately $5,468.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and republished in violation of USA & global copyright legislation. Thrivent Financial For Lutherans now owns 4,769,577 shares of the transportation company's stock valued at $222,004,000 after acquiring an additional 3,415,705 shares during the period. The stock increased 0.77% or $0.15 during the last trading session, reaching $19.64.

The P/E ratio is now 27.45 and market capitalization is 47.93B. The firm's 50-day moving average price is $45.81 and its 200-day moving average price is $35.59. CSX has a 1-year low of $24.36 and a 1-year high of $49.79.

CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, January 17th. The transportation company reported $0.64 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.59 by $0.05. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. The firm earned $2.86 billion during the quarter. Next quarter's EPS is forecasted at $0.58 and the next full year EPS is projected to be $2.71. The company's quarterly revenue was up 8.5% compared to the same quarter a year ago. With 5.87M shares average volume, it will take short sellers 4 days to cover their CSX's short positions. Additionally the company declared a dividend for shareholders which was paid on Friday the 15th of September 2017. Stockholders of record on Thursday, August 31st were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 1.48%. Motco has 0.58% invested in CSX Corporation (NASDAQ:CSX). This repurchase authorization authorizes the transportation company to buy up to 1% of its shares through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued. Barclays PLC boosted their target price on CSX from $41.00 to $50.00 and gave the company an overweight rating in a research report on Monday, January 30th. Geode Capital Management LLC raised its holdings in shares of CSX Corporation by 7.6% during the first quarter. TD Securities lowered their target price on shares of CSX Corporation from $64.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, July 20th. Royal Bank Of Canada reaffirmed a "buy" rating and set a $65.00 price objective on shares of CSX Corporation in a research note on Friday, June 9th.

September 7 investment analysts at Credit Suisse kept the stock rating at "Outperform" but raised the price target to $60.00 from $27.00. Zacks Investment Research upgraded CSX Corporation from a "hold" rating to a "buy" rating and set a $61.00 price target on the stock in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company's stock. On Tuesday, January 19 the stock rating was maintained by Argus Research with "Buy".

CSX Corporation, launched on November 15, 1978, is a transportation company.



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