Johnston Asset Management LLC Lowers Position in Nielsen NV (NLSN)
Johnston Asset Management LLC cut its stake in Nielsen NV (NYSE:NLSN) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,490 shares of the company’s stock after selling 11,120 shares during the period. Johnston Asset Management LLC owned 0.09% of Nielsen NV worth $17,228,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Nielsen NV by 29.4% in the first quarter. Aperio Group LLC now owns 92,664 shares of the company’s stock valued at $4,880,000 after buying an additional 21,048 shares during the period. Virginia Retirement System purchased a new stake in Nielsen NV during the first quarter valued at about $295,000. Pacad Investment Ltd. purchased a new stake in Nielsen NV during the first quarter valued at about $945,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Nielsen NV by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 106,025 shares of the company’s stock valued at $5,583,000 after buying an additional 495 shares during the period. Finally, RMB Capital Management LLC raised its stake in Nielsen NV by 1.9% in the first quarter. RMB Capital Management LLC now owns 5,732 shares of the company’s stock valued at $302,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 92.33% of the company’s stock.
Shares of Nielsen NV (NYSE:NLSN) traded up 0.15% on Monday, hitting $53.65. 2,116,277 shares of the stock were exchanged. The stock has a market cap of $19.17 billion, a PE ratio of 32.44 and a beta of 0.83. The company’s 50 day moving average is $52.82 and its 200-day moving average is $52.87. Nielsen NV has a 52-week low of $42.90 and a 52-week high of $55.94.
Nielsen NV (NYSE:NLSN) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.71. Nielsen NV had a net margin of 9.71% and a return on equity of 21.08%. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Nielsen NV’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts predict that Nielsen NV will post $2.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were given a $0.31 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.31%. Nielsen NV’s payout ratio is currently 75.61%.
Several equities research analysts have recently issued reports on NLSN shares. Bank of America Corp. restated a “buy” rating on shares of Nielsen NV in a report on Wednesday, June 15th. Barclays PLC restated a “buy” rating on shares of Nielsen NV in a report on Saturday, July 9th. BMO Capital Markets lowered shares of Nielsen NV from an “outperform” rating to a “market perform” rating and set a $56.00 target price for the company. in a report on Friday, July 22nd. They noted that the move was a valuation call. Pivotal Research restated a “hold” rating on shares of Nielsen NV in a report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Nielsen NV from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $57.13.
In other Nielsen NV news, CEO Dwight Barns sold 60,136 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $53.75, for a total value of $3,232,310.00. Following the transaction, the chief executive officer now owns 248,600 shares of the company’s stock, valued at $13,362,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Calhoun sold 105,441 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $52.97, for a total transaction of $5,585,209.77. Following the completion of the transaction, the director now directly owns 941,446 shares in the company, valued at approximately $49,868,394.62. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
About Nielsen NV
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
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