Korea Investment CORP Sells 42,817 Shares of Nielsen Holdings PLC (NLSN)

Korea Investment CORP lowered its position in Nielsen Holdings PLC (NYSE:NLSN) by 50.1% during the third quarter, Holdings Channel reports. The institutional investor owned 42,600 shares of the business services provider’s stock after selling 42,817 shares during the period. Korea Investment CORP’s holdings in Nielsen were worth $1,178,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NLSN. River Road Asset Management LLC boosted its position in Nielsen by 35.9% in the 3rd quarter. River Road Asset Management LLC now owns 1,999,046 shares of the business services provider’s stock worth $55,294,000 after purchasing an additional 527,936 shares in the last quarter. FMR LLC lifted its position in shares of Nielsen by 135.2% during the 2nd quarter. FMR LLC now owns 21,740,698 shares of the business services provider’s stock valued at $672,439,000 after buying an additional 12,496,283 shares in the last quarter. ING Groep NV purchased a new position in shares of Nielsen during the 2nd quarter valued at approximately $465,000. Northern Trust Corp lifted its position in shares of Nielsen by 5.2% during the 2nd quarter. Northern Trust Corp now owns 3,997,795 shares of the business services provider’s stock valued at $123,652,000 after buying an additional 198,492 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Nielsen by 3.4% during the 2nd quarter. Swiss National Bank now owns 1,178,361 shares of the business services provider’s stock valued at $36,447,000 after buying an additional 38,800 shares in the last quarter.

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

A number of brokerages have recently issued reports on NLSN. Zacks Investment Research upgraded Nielsen from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Barclays upgraded Nielsen from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $21.00 to $27.00 in a research report on Tuesday, August 14th. Citigroup decreased their target price on Nielsen from $41.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Macquarie upgraded Nielsen from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Tuesday, August 14th. Finally, SunTrust Banks reduced their price objective on Nielsen from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.67.

NYSE NLSN opened at $27.20 on Friday. Nielsen Holdings PLC has a one year low of $20.53 and a one year high of $39.25. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $9.61 billion, a P/E ratio of 15.30, a PEG ratio of 1.16 and a beta of 0.85.

Nielsen (NYSE:NLSN) last posted its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. On average, sell-side analysts forecast that Nielsen Holdings PLC will post 1.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Wednesday, November 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.15%. The ex-dividend date was Tuesday, November 20th. Nielsen’s dividend payout ratio is currently 66.35%.

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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.

Further Reading: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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