Nielsen N.V. (NLSN) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Nielsen N.V. (NYSE:NLSN) by 60.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,368 shares of the business services provider’s stock after selling 166,139 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Nielsen were worth $4,533,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Cable Hill Partners LLC purchased a new stake in Nielsen in the third quarter worth $116,000. Group One Trading L.P. purchased a new stake in Nielsen in the second quarter worth $108,000. First Interstate Bank purchased a new stake in Nielsen in the second quarter worth $124,000. YorkBridge Wealth Partners LLC increased its position in Nielsen by 3,670.1% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,280 shares of the business services provider’s stock worth $136,000 after buying an additional 3,193 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Nielsen by 133.5% in the third quarter. IFP Advisors Inc now owns 3,605 shares of the business services provider’s stock worth $149,000 after buying an additional 2,061 shares during the last quarter. 95.65% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on NLSN shares. SunTrust Banks reiterated a “buy” rating and issued a $42.00 price target on shares of Nielsen in a research report on Friday, November 10th. BidaskClub cut Nielsen from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Cantor Fitzgerald reiterated a “hold” rating and issued a $45.00 price target on shares of Nielsen in a research report on Monday, October 23rd. Credit Suisse Group reduced their price target on Nielsen from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Nielsen from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Nielsen has a consensus rating of “Hold” and a consensus target price of $44.07.
In other Nielsen news, CEO Dwight Barns acquired 13,631 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $36.86 per share, with a total value of $502,438.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Luca Guerrino De acquired 1,369 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired 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 company insiders.
Nielsen N.V. (NYSE:NLSN) traded down $0.98 during trading hours on Thursday, reaching $36.95. The company had a trading volume of 2,948,400 shares, compared to its average volume of 2,932,123. The company has a market capitalization of $13,505.89, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.79 and a beta of 0.94. Nielsen N.V. has a 12 month low of $34.22 and a 12 month high of $45.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.88.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.68%. The ex-dividend date was Monday, November 20th. Nielsen’s dividend payout ratio is 95.78%.
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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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