Cullen Frost Bankers Inc. Cuts Stake in Nielsen N.V. (NLSN)
Cullen Frost Bankers Inc. cut its position in Nielsen N.V. (NYSE:NLSN) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391,118 shares of the business services provider’s stock after selling 6,816 shares during the period. Cullen Frost Bankers Inc. owned about 0.11% of Nielsen N.V. worth $15,120,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in NLSN. BlackRock Inc. increased its stake in Nielsen N.V. by 4,459.8% in the first quarter. BlackRock Inc. now owns 30,913,604 shares of the business services provider’s stock worth $1,277,040,000 after buying an additional 30,235,644 shares during the last quarter. Vontobel Asset Management Inc. purchased a new stake in Nielsen N.V. during the second quarter worth about $177,700,000. Renaissance Technologies LLC increased its stake in Nielsen N.V. by 184.7% in the first quarter. Renaissance Technologies LLC now owns 3,155,856 shares of the business services provider’s stock worth $130,368,000 after buying an additional 2,047,456 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Nielsen N.V. by 30.1% in the first quarter. OppenheimerFunds Inc. now owns 8,341,491 shares of the business services provider’s stock worth $344,587,000 after buying an additional 1,930,102 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Nielsen N.V. by 5.8% in the first quarter. Vanguard Group Inc. now owns 34,704,266 shares of the business services provider’s stock worth $1,433,633,000 after buying an additional 1,892,556 shares during the last quarter. 94.98% of the stock is currently owned by institutional investors and hedge funds.
Nielsen N.V. (NYSE:NLSN) opened at 42.37 on Friday. The stock has a 50 day moving average price of $38.86 and a 200-day moving average price of $40.87. The stock has a market cap of $15.11 billion, a PE ratio of 30.88 and a beta of 0.97. Nielsen N.V. has a one year low of $36.96 and a one year high of $54.99.
Nielsen N.V. (NYSE:NLSN) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.63 by $0.14. Nielsen N.V. had a net margin of 7.68% and a return on equity of 15.96%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business posted $0.31 EPS. Nielsen N.V.’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts expect that Nielsen N.V. will post $2.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 24th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. Nielsen N.V.’s dividend payout ratio is presently 99.27%.
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NLSN has been the topic of a number of research reports. BidaskClub raised Nielsen N.V. from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $44.00 price objective (down previously from $47.00) on shares of Nielsen N.V. in a research note on Saturday, April 29th. Zacks Investment Research raised Nielsen N.V. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Nielsen N.V. in a research note on Monday, April 17th. Finally, Morgan Stanley reduced their price objective on Nielsen N.V. from $52.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Nielsen N.V. presently has a consensus rating of “Hold” and a consensus target price of $46.64.
In related news, CFO Jamere Jackson sold 11,500 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $38.55, for a total value of $443,325.00. Following the completion of the sale, the chief financial officer now owns 87,888 shares of the company’s stock, valued at $3,388,082.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Hasker sold 20,930 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $43.00, for a total value of $899,990.00. Following the completion of the sale, the insider now directly owns 79,341 shares of the company’s stock, valued at approximately $3,411,663. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
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.
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