New Mexico Educational Retirement Board decreased its stake in shares of Nielsen Holdings PLC (NYSE:NLSN) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,400 shares of the business services provider’s stock after selling 1,700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Nielsen were worth $582,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of NLSN. Oregon Public Employees Retirement Fund increased its position in Nielsen by 9.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 37,808 shares of the business services provider’s stock worth $854,000 after purchasing an additional 3,380 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in Nielsen by 43.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 31,072 shares of the business services provider’s stock worth $702,000 after buying an additional 9,415 shares during the period. Arizona State Retirement System grew its stake in Nielsen by 4.9% during the second quarter. Arizona State Retirement System now owns 137,428 shares of the business services provider’s stock worth $3,106,000 after buying an additional 6,387 shares during the period. Strs Ohio purchased a new stake in Nielsen during the second quarter worth approximately $298,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Nielsen during the second quarter worth approximately $163,000. 94.35% of the stock is owned by hedge funds and other institutional investors.
NLSN has been the subject of several research reports. Citigroup set a $28.00 price objective on shares of Nielsen and gave the stock a “buy” rating in a research note on Friday, August 16th. SunTrust Banks decreased their price objective on shares of Nielsen to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. They noted that the move was a valuation call. Morgan Stanley decreased their price objective on shares of Nielsen from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, ValuEngine upgraded shares of Nielsen from a “sell” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Nielsen has a consensus rating of “Hold” and an average target price of $25.83.
NLSN opened at $19.47 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.65. Nielsen Holdings PLC has a 52-week low of $17.94 and a 52-week high of $28.50. The company has a 50 day moving average of $20.38 and a two-hundred day moving average of $21.78. The company has a market cap of $6.96 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.97 and a beta of 0.91.
Nielsen (NYSE:NLSN) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.11. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. Nielsen had a negative net margin of 19.46% and a positive return on equity of 21.91%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Research analysts anticipate that Nielsen Holdings PLC will post 1.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 1.23%. Nielsen’s dividend payout ratio (DPR) is presently 13.87%.
Nielsen Company Profile
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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