Zacks Investment Research upgraded shares of Pearson, PLC (NYSE:PSO) from a sell rating to a hold rating in a research note published on Wednesday morning.
According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
PSO has been the subject of a number of other research reports. BidaskClub upgraded Pearson, PLC from a hold rating to a buy rating in a research note on Tuesday, August 1st. Macquarie upgraded Pearson, PLC from a neutral rating to an outperform rating in a research report on Friday, July 14th. Finally, Kepler Capital Markets lowered Pearson, PLC from a buy rating to a hold rating in a research report on Thursday, May 11th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $10.00.
Shares of Pearson, PLC (PSO) opened at 7.95 on Wednesday. The firm’s market cap is $6.48 billion. The stock’s 50 day moving average is $8.50 and its 200-day moving average is $8.42. Pearson, PLC has a 52 week low of $7.04 and a 52 week high of $11.69.
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The business also recently declared a semiannual dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 18th will be given a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a dividend yield of 1.6%.
Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its position in Pearson, PLC by 58.3% in the second quarter. Parametric Portfolio Associates LLC now owns 340,847 shares of the company’s stock valued at $3,057,000 after buying an additional 125,554 shares in the last quarter. Northern Trust Corp boosted its position in Pearson, PLC by 6.7% in the second quarter. Northern Trust Corp now owns 726,814 shares of the company’s stock valued at $6,520,000 after buying an additional 45,855 shares during the period. Ameriprise Financial Inc. boosted its position in Pearson, PLC by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 132,521 shares of the company’s stock valued at $1,189,000 after buying an additional 393 shares during the period. Wells Fargo & Company MN boosted its position in Pearson, PLC by 8.8% in the second quarter. Wells Fargo & Company MN now owns 152,174 shares of the company’s stock valued at $1,365,000 after buying an additional 12,270 shares during the period. Finally, Timber Hill LLC boosted its position in Pearson, PLC by 31.3% in the second quarter. Timber Hill LLC now owns 16,919 shares of the company’s stock valued at $152,000 after buying an additional 4,035 shares during the period. 2.03% of the stock is owned by institutional investors.
Pearson, PLC Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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