First Republic Investment Management Inc. Boosts Position in Nielsen Holdings PLC (NLSN)
First Republic Investment Management Inc. increased its stake in Nielsen Holdings PLC (NYSE:NLSN) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,506 shares of the business services provider’s stock after purchasing an additional 8,439 shares during the quarter. First Republic Investment Management Inc.’s holdings in Nielsen were worth $1,903,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in Nielsen by 135.2% in the 2nd quarter. FMR LLC now owns 21,740,698 shares of the business services provider’s stock valued at $672,439,000 after buying an additional 12,496,283 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Nielsen in the 2nd quarter valued at approximately $537,000. Royal Bank of Canada grew its stake in Nielsen by 12.7% in the 1st quarter. Royal Bank of Canada now owns 259,803 shares of the business services provider’s stock valued at $8,260,000 after buying an additional 29,213 shares in the last quarter. First Manhattan Co. purchased a new position in Nielsen in the 2nd quarter valued at approximately $503,000. Finally, Swiss National Bank grew its stake in Nielsen by 3.4% in the 2nd quarter. Swiss National Bank now owns 1,178,361 shares of the business services provider’s stock valued at $36,447,000 after buying an additional 38,800 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the stock. BMO Capital Markets reiterated a “market weight” rating and issued a $24.00 price objective (down from $38.00) on shares of Nielsen in a research note on Friday, July 27th. Barclays upgraded shares of Nielsen from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $21.00 to $27.00 in a research note on Tuesday, August 14th. Morgan Stanley reduced their price objective on shares of Nielsen from $40.00 to $38.00 and set a “$30.76” rating for the company in a research note on Wednesday, July 18th. Macquarie upgraded shares of Nielsen from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Tuesday, August 14th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $26.00 price objective on shares of Nielsen in a research note 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.77.
Nielsen (NYSE:NLSN) last released its quarterly earnings results on Thursday, July 26th. The business services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.39). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Nielsen had a net margin of 5.57% and a return on equity of 15.28%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. sell-side analysts forecast that Nielsen Holdings PLC will post 1.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Wednesday, August 22nd were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.14%. Nielsen’s dividend payout ratio (DPR) is currently 66.35%.
Nielsen Company Profile
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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