State Street Corp raised its stake in Nielsen Holdings PLC (NYSE:NLSN) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,859,616 shares of the business services provider’s stock after buying an additional 200,690 shares during the quarter. State Street Corp’s holdings in Nielsen were worth $337,017,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in NLSN. Oregon Public Employees Retirement Fund lifted its stake in Nielsen by 9.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,808 shares of the business services provider’s stock valued at $854,000 after buying an additional 3,380 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Nielsen by 43.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 31,072 shares of the business services provider’s stock valued at $702,000 after buying an additional 9,415 shares in the last quarter. Arizona State Retirement System lifted its stake in Nielsen by 4.9% in the second quarter. Arizona State Retirement System now owns 137,428 shares of the business services provider’s stock valued at $3,106,000 after buying an additional 6,387 shares in the last quarter. Strs Ohio bought a new position in Nielsen in the second quarter valued at approximately $298,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Nielsen in the second quarter valued at approximately $163,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NLSN stock opened at $19.47 on Tuesday. The company’s fifty day simple moving average is $20.38 and its 200-day simple moving average is $21.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.65. The firm has a market cap of $6.96 billion, a PE ratio of 11.25, a P/E/G ratio of 0.97 and a beta of 0.91. Nielsen Holdings PLC has a 12 month low of $17.94 and a 12 month high of $28.50.
Nielsen (NYSE:NLSN) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.11. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. Nielsen had a negative net margin of 19.46% and a positive return on equity of 21.91%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, equities analysts predict that Nielsen Holdings PLC will post 1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 20th. Nielsen’s dividend payout ratio is presently 13.87%.
A number of brokerages have weighed in on NLSN. Citigroup set a $28.00 price target on shares of Nielsen and gave the company a “buy” rating in a research note on Friday, August 16th. ValuEngine raised shares of Nielsen from a “sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks cut their price target on shares of Nielsen to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. They noted that the move was a valuation call. Finally, Morgan Stanley cut their price objective on shares of Nielsen from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.83.
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.
Featured Article: What is the return on assets (ROA) ratio?
Want to see what other hedge funds are holding NLSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nielsen Holdings PLC (NYSE:NLSN).
Receive News & Ratings for Nielsen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nielsen and related companies with MarketBeat.com's FREE daily email newsletter.