New Mexico Educational Retirement Board reduced its stake in Nielsen Holdings PLC (NYSE:NLSN) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,100 shares of the business services provider’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Nielsen were worth $658,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Clarkston Capital Partners LLC increased its position in Nielsen by 4.6% in the 2nd quarter. Clarkston Capital Partners LLC now owns 6,733,027 shares of the business services provider’s stock worth $152,166,000 after buying an additional 298,982 shares during the period. Arizona State Retirement System increased its position in Nielsen by 4.9% in the 2nd quarter. Arizona State Retirement System now owns 137,428 shares of the business services provider’s stock worth $3,106,000 after buying an additional 6,387 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Nielsen in the 2nd quarter worth approximately $163,000. CIBC Asset Management Inc increased its position in Nielsen by 2.7% in the 2nd quarter. CIBC Asset Management Inc now owns 22,353 shares of the business services provider’s stock worth $505,000 after buying an additional 592 shares during the period. Finally, Parnassus Investments CA increased its position in Nielsen by 10.4% in the 1st quarter. Parnassus Investments CA now owns 1,938,597 shares of the business services provider’s stock worth $45,887,000 after buying an additional 182,035 shares during the period. Hedge funds and other institutional investors own 95.05% of the company’s stock.
Shares of NLSN stock opened at $20.77 on Thursday. The stock’s fifty day simple moving average is $22.10 and its 200 day simple moving average is $24.14. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.07 and a beta of 0.91. Nielsen Holdings PLC has a one year low of $19.96 and a one year high of $28.50.
Nielsen (NYSE:NLSN) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Nielsen had a positive return on equity of 18.97% and a negative net margin of 10.70%. Nielsen’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. On average, research analysts anticipate that Nielsen Holdings PLC will post 1.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a $0.35 dividend. This is a positive change from Nielsen’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, August 21st. This represents a $1.40 annualized dividend and a yield of 6.74%. Nielsen’s payout ratio is currently 80.92%.
NLSN has been the topic of several recent analyst reports. ValuEngine downgraded Nielsen from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Zacks Investment Research cut Nielsen from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Citigroup set a $28.00 price objective on Nielsen and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.17.
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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