Kornitzer Capital Management Inc. KS Has $1.57 Million Position in Nielsen Holdings PLC (NLSN)

Kornitzer Capital Management Inc. KS decreased its position in Nielsen Holdings PLC (NYSE:NLSN) by 28.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,700 shares of the business services provider’s stock after selling 22,900 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Nielsen were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NLSN. Mount Yale Investment Advisors LLC increased its stake in shares of Nielsen by 19.9% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 15,109 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 2,503 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Nielsen by 0.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 327,497 shares of the business services provider’s stock valued at $10,129,000 after acquiring an additional 2,515 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Nielsen by 0.8% during the 3rd quarter. Prudential Financial Inc. now owns 353,244 shares of the business services provider’s stock valued at $9,771,000 after acquiring an additional 2,800 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Nielsen by 77.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,477 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 2,827 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Nielsen by 0.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 482,848 shares of the business services provider’s stock valued at $14,934,000 after acquiring an additional 2,940 shares during the last quarter.

Shares of NYSE:NLSN opened at $27.08 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.14 and a quick ratio of 1.14. Nielsen Holdings PLC has a 1 year low of $20.53 and a 1 year high of $39.25. The stock has a market cap of $9.61 billion, a PE ratio of 12.83, a PEG ratio of 1.16 and a beta of 0.85.

Nielsen (NYSE:NLSN) last issued its earnings results on Thursday, October 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Nielsen had a return on equity of 14.56% and a net margin of 4.85%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, sell-side analysts forecast that Nielsen Holdings PLC will post 1.95 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend was Tuesday, November 20th. Nielsen’s payout ratio is currently 66.35%.

In other news, SVP Jeffrey Charlton sold 6,337 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $27.46, for a total transaction of $174,014.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

NLSN has been the subject of a number of research analyst reports. SunTrust Banks dropped their price objective on shares of Nielsen from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Morgan Stanley set a $26.00 price objective on shares of Nielsen and gave the company a “buy” rating in a research note on Tuesday, August 14th. Robert W. Baird upped their price objective on shares of Nielsen from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Citigroup dropped their price objective on shares of Nielsen from $41.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, August 20th. Finally, Barclays raised shares of Nielsen from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $21.00 to $27.00 in a research note on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.67.

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Nielsen Profile

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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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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