American International Group Inc. reduced its stake in Nielsen Holdings PLC (NYSE:NLSN) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 684,616 shares of the business services provider’s stock after selling 587 shares during the period. American International Group Inc.’s holdings in Nielsen were worth $16,205,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Nielsen by 75.2% in the first quarter. Parallel Advisors LLC now owns 1,051 shares of the business services provider’s stock worth $25,000 after acquiring an additional 451 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Nielsen by 231.7% in the fourth quarter. Bessemer Group Inc. now owns 1,184 shares of the business services provider’s stock worth $28,000 after acquiring an additional 827 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Nielsen by 2,202.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 843,869 shares of the business services provider’s stock worth $36,000 after acquiring an additional 807,219 shares during the last quarter. Enlightenment Research LLC purchased a new stake in shares of Nielsen during the fourth quarter valued at $42,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Nielsen by 1,516.6% during the first quarter. Quadrant Capital Group LLC now owns 2,441 shares of the business services provider’s stock valued at $55,000 after buying an additional 2,290 shares during the last quarter. 99.93% of the stock is currently owned by hedge funds and other institutional investors.
NLSN stock opened at $23.83 on Thursday. Nielsen Holdings PLC has a fifty-two week low of $20.53 and a fifty-two week high of $32.06. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.25 and a beta of 0.91.
Nielsen (NYSE:NLSN) last posted its earnings results on Tuesday, April 30th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Nielsen had a positive return on equity of 15.52% and a negative net margin of 11.46%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. Nielsen’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts predict that Nielsen Holdings PLC will post 1.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Tuesday, June 4th. Nielsen’s dividend payout ratio is 80.92%.
Several research firms recently commented on NLSN. Zacks Investment Research cut Nielsen from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Nielsen from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Credit Suisse Group dropped their price objective on Nielsen from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. SunTrust Banks set a $28.00 price objective on Nielsen and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets increased their price objective on Nielsen from $24.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.75.
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Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.
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