Nielsen NV (NLSN) Position Reduced by British Columbia Investment Management Corp
British Columbia Investment Management Corp decreased its position in Nielsen NV (NYSE:NLSN) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,651 shares of the company’s stock after selling 13,031 shares during the period. British Columbia Investment Management Corp’s holdings in Nielsen NV were worth $9,517,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB acquired a new position in shares of Nielsen NV during the second quarter valued at $43,343,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Nielsen NV by 39.5% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,387 shares of the company’s stock valued at $1,891,000 after buying an additional 10,300 shares in the last quarter. Trust Co. of Oklahoma acquired a new position in shares of Nielsen NV during the second quarter valued at $258,000. Legacy Private Trust Co. raised its position in shares of Nielsen NV by 64.6% in the second quarter. Legacy Private Trust Co. now owns 119,407 shares of the company’s stock valued at $6,206,000 after buying an additional 46,847 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Nielsen NV by 3.8% in the second quarter. Capstone Asset Management Co. now owns 31,074 shares of the company’s stock valued at $1,615,000 after buying an additional 1,150 shares in the last quarter. Institutional investors own 93.26% of the company’s stock.
Shares of Nielsen NV (NYSE:NLSN) traded up 0.67% during mid-day trading on Friday, reaching $43.40. 1,175,640 shares of the company’s stock were exchanged. Nielsen NV has a 52-week low of $42.25 and a 52-week high of $55.94. The company has a market cap of $15.51 billion, a PE ratio of 26.67 and a beta of 0.85. The company’s 50-day moving average price is $47.35 and its 200 day moving average price is $51.67.
Nielsen NV (NYSE:NLSN) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.59 billion. Nielsen NV had a net margin of 9.46% and a return on equity of 21.50%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. On average, equities research analysts predict that Nielsen NV will post $2.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Nielsen NV’s dividend payout ratio (DPR) is presently 76.54%.
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Several equities analysts recently weighed in on the stock. Pivotal Research cut their price objective on shares of Nielsen NV from $52.00 to $51.00 and set a “hold” rating on the stock in a report on Tuesday, October 25th. Cantor Fitzgerald set a $57.00 target price on shares of Nielsen NV and gave the company a “hold” rating in a research note on Monday, October 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 target price on shares of Nielsen NV in a research note on Tuesday, September 27th. Macquarie initiated coverage on shares of Nielsen NV in a research note on Thursday, August 25th. They issued an “outperform” rating and a $61.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Nielsen NV from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Nielsen NV currently has an average rating of “Buy” and an average target price of $55.82.
In other news, Vice Chairman Arvin Kash sold 120,196 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $43.96, for a total value of $5,283,816.16. Following the completion of the sale, the insider now owns 47,376 shares in the company, valued at approximately $2,082,648.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Charlton sold 5,574 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $45.72, for a total transaction of $254,843.28. Following the completion of the sale, the senior vice president now owns 18,266 shares of the company’s stock, valued at approximately $835,121.52. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
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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