Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Nielsen Holdings PLC (NYSE:NLSN) by 61.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,989 shares of the business services provider’s stock after selling 440,094 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Nielsen worth $7,634,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of NLSN. Mount Yale Investment Advisors LLC grew its holdings in Nielsen by 19.9% during the second quarter. Mount Yale Investment Advisors LLC now owns 15,109 shares of the business services provider’s stock worth $467,000 after acquiring an additional 2,503 shares during the period. State of Wisconsin Investment Board grew its holdings in Nielsen by 0.8% during the second quarter. State of Wisconsin Investment Board now owns 327,497 shares of the business services provider’s stock worth $10,129,000 after acquiring an additional 2,515 shares during the period. Prudential Financial Inc. grew its holdings in Nielsen by 0.8% during the third quarter. Prudential Financial Inc. now owns 353,244 shares of the business services provider’s stock worth $9,771,000 after acquiring an additional 2,800 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Nielsen by 77.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,477 shares of the business services provider’s stock worth $200,000 after acquiring an additional 2,827 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Nielsen by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 482,848 shares of the business services provider’s stock worth $14,934,000 after acquiring an additional 2,940 shares during the period.
Shares of NLSN opened at $26.43 on Friday. The stock has a market capitalization of $9.66 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.16 and a beta of 0.85. Nielsen Holdings PLC has a 1-year low of $20.53 and a 1-year high of $39.25. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.14.
Nielsen (NYSE:NLSN) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Nielsen had a return on equity of 14.56% and a net margin of 4.85%. As a group, equities analysts forecast that Nielsen Holdings PLC will post 1.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Wednesday, November 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. This represents a $1.40 dividend on an annualized basis and a yield of 5.30%. Nielsen’s dividend payout ratio is currently 66.35%.
In other Nielsen news, SVP Jeffrey Charlton sold 6,337 shares of Nielsen 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.
A number of research analysts recently issued reports on NLSN shares. SunTrust Banks lowered their target price on Nielsen from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Morgan Stanley set a $26.00 price target on Nielsen and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Robert W. Baird lifted their price target on Nielsen from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Citigroup dropped their price target on Nielsen from $41.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. Finally, Barclays raised Nielsen from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $21.00 to $27.00 in a research note on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Nielsen has an average rating of “Hold” and an average target price of $28.50.
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Nielsen Company 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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