Pearson, PLC (PSO) Downgraded to “Sell” at Deutsche Bank AG
A number of other equities research analysts have also weighed in on PSO. Zacks Investment Research lowered Pearson, PLC from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub lowered Pearson, PLC from a buy rating to a hold rating in a report on Thursday, July 13th. Finally, Macquarie raised Pearson, PLC from a neutral rating to an outperform rating in a report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $10.00.
Shares of Pearson, PLC (NYSE PSO) traded up 5.01% during mid-day trading on Tuesday, hitting $8.17. The stock had a trading volume of 340,386 shares. The firm has a 50 day moving average price of $7.92 and a 200 day moving average price of $8.38. Pearson, PLC has a 52-week low of $7.04 and a 52-week high of $10.37. The firm’s market cap is $6.66 billion.
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The company also recently declared a semiannual dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, August 18th were paid a dividend of $0.065 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 16th.
Several large investors have recently made changes to their positions in PSO. US Bancorp DE boosted its stake in shares of Pearson, PLC by 20.7% during the 1st quarter. US Bancorp DE now owns 11,872 shares of the company’s stock worth $101,000 after acquiring an additional 2,035 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Pearson, PLC during the 2nd quarter worth approximately $127,000. Timber Hill LLC boosted its stake in shares of Pearson, PLC by 31.3% during the 2nd quarter. Timber Hill LLC now owns 16,919 shares of the company’s stock worth $152,000 after acquiring an additional 4,035 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Pearson, PLC by 2.1% during the 2nd quarter. Greenleaf Trust now owns 17,180 shares of the company’s stock worth $154,000 after acquiring an additional 361 shares in the last quarter. Finally, Lapides Asset Management LLC boosted its stake in shares of Pearson, PLC by 35.5% during the 1st quarter. Lapides Asset Management LLC now owns 19,100 shares of the company’s stock worth $162,000 after acquiring an additional 5,000 shares in the last quarter. 1.64% of the stock is currently owned by institutional investors and hedge funds.
Pearson, PLC Company Profile
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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