Korea Investment CORP Lowers Stake in Nielsen N.V. (NLSN)
Korea Investment CORP reduced its stake in Nielsen N.V. (NYSE:NLSN) by 80.1% during the second quarter, Holdings Channel reports. The firm owned 26,217 shares of the business services provider’s stock after selling 105,424 shares during the period. Korea Investment CORP’s holdings in Nielsen N.V. were worth $1,014,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Washington Trust Bank increased its position in Nielsen N.V. by 0.4% in the second quarter. Washington Trust Bank now owns 8,318 shares of the business services provider’s stock valued at $322,000 after buying an additional 36 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Nielsen N.V. by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,800 shares of the business services provider’s stock worth $804,000 after buying an additional 100 shares during the last quarter. Creative Planning increased its position in shares of Nielsen N.V. by 3.0% in the second quarter. Creative Planning now owns 3,593 shares of the business services provider’s stock worth $139,000 after buying an additional 103 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Nielsen N.V. by 2.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,010 shares of the business services provider’s stock worth $207,000 after buying an additional 125 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Nielsen N.V. by 0.7% in the second quarter. CIBC Asset Management Inc now owns 20,998 shares of the business services provider’s stock worth $812,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.
Shares of Nielsen N.V. (NYSE:NLSN) opened at 40.94 on Wednesday. The firm’s 50 day moving average is $39.94 and its 200-day moving average is $40.93. Nielsen N.V. has a 52-week low of $36.96 and a 52-week high of $54.99. The company has a market capitalization of $14.60 billion, a P/E ratio of 29.84 and a beta of 0.97.
Nielsen N.V. (NYSE:NLSN) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by $0.14. Nielsen N.V. had a return on equity of 15.96% and a net margin of 7.68%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Nielsen N.V. will post $2.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.32%. Nielsen N.V.’s payout ratio is presently 99.27%.
A number of equities research analysts recently weighed in on NLSN shares. Zacks Investment Research cut shares of Nielsen N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Nielsen N.V. from a “c” rating to a “b-” rating in a report on Monday, July 31st. BidaskClub raised shares of Nielsen N.V. from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Cantor Fitzgerald reissued a “hold” rating and set a $48.00 price target on shares of Nielsen N.V. in a report on Friday, April 21st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $44.00 price target (down from $47.00) on shares of Nielsen N.V. in a report on Saturday, April 29th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $46.64.
In other Nielsen N.V. news, CFO Jamere Jackson sold 11,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $38.55, for a total transaction of $443,325.00. Following the transaction, the chief financial officer now directly owns 87,888 shares in the company, valued at approximately $3,388,082.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephen Hasker sold 20,930 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $43.00, for a total transaction of $899,990.00. Following the transaction, the insider now owns 79,341 shares in the company, valued at $3,411,663. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Nielsen N.V. 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.
Want to see what other hedge funds are holding NLSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nielsen N.V. (NYSE:NLSN).
Receive News & Ratings for Nielsen N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nielsen N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.