Lazard Asset Management LLC boosted its stake in Nielsen Holdings PLC (NYSE:NLSN) by 21.0% during the 1st quarter, HoldingsChannel reports. The fund owned 1,910,738 shares of the business services provider’s stock after purchasing an additional 332,045 shares during the quarter. Lazard Asset Management LLC’s holdings in Nielsen were worth $45,227,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in NLSN. Vanguard Group Inc boosted its holdings in Nielsen by 1.9% in the third quarter. Vanguard Group Inc now owns 37,099,203 shares of the business services provider’s stock valued at $1,026,163,000 after acquiring an additional 688,591 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Nielsen during the 4th quarter valued at $487,000. Advisors Asset Management Inc. boosted its holdings in shares of Nielsen by 27.9% during the 4th quarter. Advisors Asset Management Inc. now owns 7,808 shares of the business services provider’s stock valued at $182,000 after buying an additional 1,704 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Nielsen by 1.2% during the 4th quarter. Rhumbline Advisers now owns 594,723 shares of the business services provider’s stock valued at $13,875,000 after buying an additional 7,287 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Nielsen by 0.9% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 487,394 shares of the business services provider’s stock valued at $11,371,000 after buying an additional 4,546 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.
NYSE:NLSN traded up $0.14 during mid-day trading on Wednesday, reaching $22.68. The company’s stock had a trading volume of 31,531 shares, compared to its average volume of 3,715,615. Nielsen Holdings PLC has a 12-month low of $20.53 and a 12-month high of $32.06. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95.
Nielsen (NYSE:NLSN) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.08. Nielsen had a positive return on equity of 15.52% and a negative net margin of 11.46%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. Nielsen’s revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that Nielsen Holdings PLC will post 1.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Tuesday, June 4th. Nielsen’s dividend payout ratio (DPR) is 80.92%.
A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Nielsen from $24.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Credit Suisse Group set a $27.00 price target on shares of Nielsen and gave the stock a “hold” rating in a research note on Friday, March 1st. ValuEngine upgraded shares of Nielsen from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of Nielsen from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, SunTrust Banks set a $28.00 price target on shares of Nielsen and gave the stock a “buy” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Nielsen currently has a consensus rating of “Hold” and a consensus price target of $27.58.
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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.
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