Cantor Fitzgerald Initiates Coverage on Nielsen NV (NLSN)
NLSN has been the subject of several other research reports. BMO Capital Markets cut Nielsen NV from an outperform rating to a market perform rating and set a $56.00 price objective for the company. in a research note on Friday, July 22nd. They noted that the move was a valuation call. Macquarie initiated coverage on Nielsen NV in a research note on Thursday, August 25th. They issued an outperform rating and a $61.00 price objective for the company. Bank of America Corp. reiterated a buy rating on shares of Nielsen NV in a research note on Wednesday, June 15th. Pivotal Research reiterated a hold rating on shares of Nielsen NV in a research note on Tuesday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Nielsen NV from $60.00 to $64.00 and gave the company an overweight rating in a research note on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Nielsen NV currently has an average rating of Buy and a consensus price target of $57.13.
Nielsen NV (NYSE:NLSN) opened at 52.41 on Thursday. Nielsen NV has a one year low of $42.90 and a one year high of $55.94. The company has a 50-day moving average of $52.76 and a 200 day moving average of $52.77. The firm has a market cap of $18.73 billion, a P/E ratio of 31.69 and a beta of 0.91.
Nielsen NV (NYSE:NLSN) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. The business earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Nielsen NV had a return on equity of 21.08% and a net margin of 9.71%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts expect that Nielsen NV will post $2.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Tuesday, August 23rd. Nielsen NV’s payout ratio is currently 75.61%.
In other news, CEO Dwight Barns sold 60,136 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $53.75, for a total value of $3,232,310.00. Following the transaction, the chief executive officer now owns 248,600 shares of the company’s stock, valued at $13,362,250. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Giovanni Tavolieri sold 7,883 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $52.76, for a total value of $415,907.08. Following the completion of the transaction, the insider now directly owns 21,417 shares in the company, valued at approximately $1,129,960.92. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Nielsen NV by 2.8% in the second quarter. Vanguard Group Inc. now owns 31,101,138 shares of the company’s stock worth $1,616,326,000 after buying an additional 834,315 shares in the last quarter. State Street Corp raised its position in shares of Nielsen NV by 0.6% in the first quarter. State Street Corp now owns 13,343,984 shares of the company’s stock worth $702,701,000 after buying an additional 80,073 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Nielsen NV by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,641,501 shares of the company’s stock worth $507,721,000 after buying an additional 202,308 shares in the last quarter. Jackson Square Partners LLC raised its position in shares of Nielsen NV by 724.3% in the first quarter. Jackson Square Partners LLC now owns 9,298,023 shares of the company’s stock worth $556,276,000 after buying an additional 8,169,990 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Nielsen NV by 4.5% in the second quarter. BlackRock Fund Advisors now owns 6,017,326 shares of the company’s stock worth $312,720,000 after buying an additional 261,546 shares in the last quarter. 92.33% of the stock is currently owned by institutional investors and hedge funds.
Nielsen NV 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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