Bamco Inc. NY Cuts Position in Nielsen N.V. (NLSN)
Bamco Inc. NY trimmed its holdings in shares of Nielsen N.V. (NYSE:NLSN) by 50.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,960 shares of the business services provider’s stock after selling 397,361 shares during the quarter. Bamco Inc. NY owned approximately 0.11% of Nielsen worth $16,039,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Capital Research Global Investors increased its holdings in Nielsen by 21.2% during the second quarter. Capital Research Global Investors now owns 38,007,292 shares of the business services provider’s stock valued at $1,469,362,000 after buying an additional 6,648,088 shares during the period. Vanguard Group Inc. grew its holdings in Nielsen by 1.7% in the second quarter. Vanguard Group Inc. now owns 35,309,380 shares of the business services provider’s stock worth $1,365,061,000 after purchasing an additional 605,114 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Nielsen by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 6,505,579 shares of the business services provider’s stock worth $269,656,000 after purchasing an additional 18,276 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Nielsen by 143.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,877,253 shares of the business services provider’s stock worth $188,555,000 after purchasing an additional 2,870,282 shares during the last quarter. Finally, Black Creek Investment Management Inc. grew its holdings in Nielsen by 36.3% in the second quarter. Black Creek Investment Management Inc. now owns 4,740,168 shares of the business services provider’s stock worth $183,255,000 after purchasing an additional 1,262,493 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.
In related news, Director Luca Guerrino De acquired 1,369 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $36.54 per share, for a total transaction of $50,023.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dwight Barns acquired 13,631 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $36.86 per share, with a total value of $502,438.66. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.
Nielsen N.V. (NYSE NLSN) traded down $0.98 during trading hours on Thursday, hitting $36.95. 2,948,400 shares of the stock traded hands, compared to its average volume of 2,932,123. Nielsen N.V. has a 1-year low of $34.22 and a 1-year high of $45.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $13,505.89, a P/E ratio of 20.95, a P/E/G ratio of 1.79 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.36 annualized dividend and a dividend yield of 3.68%. Nielsen’s payout ratio is currently 95.78%.
NLSN has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Nielsen in a report on Tuesday, September 12th. BidaskClub raised shares of Nielsen from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price target on shares of Nielsen in a report on Friday, November 10th. Citigroup raised shares of Nielsen from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, November 17th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $45.00 price target on shares of Nielsen in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.07.
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Nielsen Company Profile
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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