Fmr LLC Raises Holdings in Nielsen Holdings PLC (NYSE:NLSN)
FMR LLC increased its stake in shares of Nielsen Holdings PLC (NYSE:NLSN) by 135.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,740,698 shares of the business services provider’s stock after buying an additional 12,496,283 shares during the quarter. FMR LLC owned about 6.12% of Nielsen worth $672,439,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Nielsen by 1,281.8% during the 2nd quarter. Toronto Dominion Bank now owns 2,517,432 shares of the business services provider’s stock worth $77,846,000 after acquiring an additional 2,335,241 shares in the last quarter. Clarkston Capital Partners LLC lifted its holdings in shares of Nielsen by 73.1% in the 2nd quarter. Clarkston Capital Partners LLC now owns 2,905,160 shares of the business services provider’s stock valued at $89,857,000 after purchasing an additional 1,227,220 shares during the last quarter. Ariel Investments LLC lifted its holdings in shares of Nielsen by 24.6% in the 2nd quarter. Ariel Investments LLC now owns 4,891,462 shares of the business services provider’s stock valued at $151,293,000 after purchasing an additional 966,961 shares during the last quarter. State Treasurer State of Michigan raised its stake in Nielsen by 885.7% during the 2nd quarter. State Treasurer State of Michigan now owns 973,344 shares of the business services provider’s stock valued at $30,106,000 after acquiring an additional 874,600 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Nielsen during the 2nd quarter valued at approximately $17,023,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.
NYSE:NLSN traded up $0.81 during trading hours on Friday, reaching $27.35. 2,504,966 shares of the company traded hands, compared to its average volume of 4,569,445. Nielsen Holdings PLC has a 1-year low of $20.53 and a 1-year high of $42.15. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.19 and a current ratio of 1.18. The stock has a market cap of $9.49 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Wednesday, August 22nd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Tuesday, August 21st. Nielsen’s dividend payout ratio (DPR) is currently 66.35%.
Several analysts have commented on NLSN shares. Pivotal Research reduced their price objective on Nielsen from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. BMO Capital Markets reissued a “market weight” rating and set a $24.00 target price (down from $38.00) on shares of Nielsen in a research note on Friday, July 27th. Morgan Stanley set a $26.00 target price on Nielsen and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Goldman Sachs Group raised Nielsen from a “sell” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $25.00 in a research note on Thursday, August 23rd. Finally, Needham & Company LLC lowered their price target on Nielsen to $30.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Nielsen has an average rating of “Hold” and an average target price of $30.77.
Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.
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