BB&T Corp reduced its position in shares of Nielsen Holdings PLC (NYSE:NLSN) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 333,285 shares of the business services provider’s stock after selling 2,385 shares during the quarter. BB&T Corp’s holdings in Nielsen were worth $9,218,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in Nielsen by 25.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,400 shares of the business services provider’s stock valued at $924,000 after purchasing an additional 6,700 shares during the last quarter. Addenda Capital Inc. raised its stake in shares of Nielsen by 12.4% in the 3rd quarter. Addenda Capital Inc. now owns 127,597 shares of the business services provider’s stock valued at $3,435,000 after buying an additional 14,103 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Nielsen in the 3rd quarter valued at $281,000. Bank of Montreal Can raised its stake in shares of Nielsen by 9.5% in the 3rd quarter. Bank of Montreal Can now owns 690,320 shares of the business services provider’s stock valued at $19,094,000 after buying an additional 59,914 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Nielsen by 5.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 76,456 shares of the business services provider’s stock valued at $2,113,000 after buying an additional 4,014 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on NLSN. BMO Capital Markets restated a “market weight” rating and issued a $24.00 price objective (down previously from $38.00) on shares of Nielsen in a research note on Friday, July 27th. Barclays upgraded shares of Nielsen from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $21.00 to $27.00 in a research note on Tuesday, August 14th. Morgan Stanley dropped their price objective on shares of Nielsen from $40.00 to $38.00 and set a “$30.76” rating for the company in a research note on Wednesday, July 18th. Macquarie upgraded shares of Nielsen from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Tuesday, August 14th. Finally, Robert W. Baird restated a “buy” rating and issued a $26.00 price objective on shares of Nielsen in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.77.
Shares of Nielsen stock opened at $26.96 on Friday. The stock has a market cap of $9.83 billion, a P/E ratio of 12.73, a PEG ratio of 1.47 and a beta of 0.93. The company has a quick ratio of 1.19, a current ratio of 1.18 and a debt-to-equity ratio of 1.96. Nielsen Holdings PLC has a 12-month low of $20.53 and a 12-month high of $42.15.
Nielsen (NYSE:NLSN) last announced its earnings results on Thursday, July 26th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.39). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.71 billion. Nielsen had a return on equity of 15.28% and a net margin of 5.57%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. As a group, equities research analysts forecast that Nielsen Holdings PLC will post 1.98 EPS for the current fiscal year.
Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.
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