WEALTHFRONT Corp bought a new position in shares of Nielsen Holdings PLC (NYSE:NLSN) in the 3rd quarter, Holdings Channel reports. The firm bought 35,275 shares of the business services provider’s stock, valued at approximately $976,000.
A number of other hedge funds have also bought and sold shares of the stock. Piedmont Investment Advisors LLC purchased a new stake in Nielsen in the second quarter valued at approximately $122,000. Dupont Capital Management Corp lifted its stake in Nielsen by 127.8% in the second quarter. Dupont Capital Management Corp now owns 7,532 shares of the business services provider’s stock valued at $233,000 after buying an additional 4,225 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Nielsen by 17.7% in the second quarter. Wells Fargo & Company MN now owns 2,155,772 shares of the business services provider’s stock valued at $66,677,000 after buying an additional 324,640 shares during the last quarter. First Trust Advisors LP lifted its stake in Nielsen by 24.3% in the second quarter. First Trust Advisors LP now owns 858,443 shares of the business services provider’s stock valued at $26,552,000 after buying an additional 167,621 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in Nielsen by 3.9% in the second quarter. Alps Advisors Inc. now owns 1,517,135 shares of the business services provider’s stock valued at $46,925,000 after buying an additional 56,889 shares during the last quarter.
In other news, SVP Jeffrey Charlton sold 6,337 shares of the company’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by corporate insiders.
Nielsen stock opened at $26.43 on Friday. Nielsen Holdings PLC has a 12 month low of $20.53 and a 12 month 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 company has a market cap of $9.66 billion, a PE ratio of 12.53, a P/E/G ratio of 1.16 and a beta of 0.85.
Nielsen (NYSE:NLSN) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.27 EPS for the quarter, topping 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, sell-side analysts anticipate that Nielsen Holdings PLC will post 1.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Tuesday, November 20th. Nielsen’s dividend payout ratio (DPR) is presently 66.35%.
A number of equities research analysts have weighed in on NLSN shares. Barclays upgraded Nielsen from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $21.00 to $27.00 in a research note on Tuesday, August 14th. Macquarie upgraded 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. Robert W. Baird boosted their price objective on Nielsen from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Morgan Stanley set a $26.00 price objective on Nielsen and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Pivotal Research cut Nielsen from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.50.
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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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