Municipal Employees Retirement System of Michigan Reduces Stake in Nielsen N.V. (NLSN)
Municipal Employees Retirement System of Michigan cut its position in Nielsen N.V. (NYSE:NLSN) by 20.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,680 shares of the business services provider’s stock after selling 2,170 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Nielsen were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurich Insurance Group Ltd FI purchased a new position in Nielsen in the second quarter valued at $2,407,000. Bradley Foster & Sargent Inc. CT boosted its holdings in Nielsen by 16.2% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 564,027 shares of the business services provider’s stock valued at $21,805,000 after purchasing an additional 78,770 shares during the period. Commonwealth Bank of Australia boosted its holdings in Nielsen by 20.5% in the second quarter. Commonwealth Bank of Australia now owns 26,733 shares of the business services provider’s stock valued at $1,032,000 after purchasing an additional 4,543 shares during the period. Swiss National Bank boosted its holdings in Nielsen by 3.2% in the second quarter. Swiss National Bank now owns 1,306,461 shares of the business services provider’s stock valued at $50,508,000 after purchasing an additional 39,900 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Nielsen by 54.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 20,395 shares of the business services provider’s stock valued at $844,000 after purchasing an additional 7,221 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Dwight Barns bought 13,631 shares of Nielsen stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $36.86 per share, with a total value of $502,438.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Luca Guerrino De bought 1,369 shares of Nielsen stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $36.54 per share, with a total value of $50,023.26. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Monday, November 20th. Nielsen’s payout ratio is currently 95.78%.
A number of analysts have issued reports on the company. Deutsche Bank set a $35.00 price target on Nielsen and gave the stock a “hold” rating in a report on Wednesday, November 29th. Citigroup raised Nielsen from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, November 17th. BMO Capital Markets reaffirmed a “hold” rating on shares of Nielsen in a report on Sunday, November 12th. SunTrust Banks reaffirmed a “buy” rating and set a $42.00 price target on shares of Nielsen in a report on Friday, November 10th. Finally, Morgan Stanley decreased their price target on Nielsen from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.07.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/municipal-employees-retirement-system-of-michigan-reduces-stake-in-nielsen-n-v-nlsn/1755810.html.
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.
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 MarketBeat.com's FREE daily email newsletter.