Nielsen Holdings plc (NYSE:NLSN) Plans Quarterly Dividend of $0.06

Nielsen Holdings plc (NYSE:NLSNGet Rating) announced a quarterly dividend on Thursday, April 14th, RTT News reports. Investors of record on Thursday, June 2nd will be given a dividend of 0.06 per share by the business services provider on Thursday, June 16th. This represents a $0.24 annualized dividend and a yield of 0.88%.

Nielsen has a payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nielsen to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.2%.

NLSN opened at $27.40 on Friday. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 10.26 and a beta of 1.51. Nielsen has a fifty-two week low of $16.02 and a fifty-two week high of $28.42. The company’s 50-day moving average price is $21.52 and its 200 day moving average price is $20.65. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.60.

Nielsen (NYSE:NLSNGet Rating) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.32 by $0.12. Nielsen had a net margin of 27.51% and a return on equity of 18.79%. The company had revenue of $894.00 million for the quarter, compared to analyst estimates of $898.15 million. During the same quarter last year, the business earned $0.50 earnings per share. Nielsen’s revenue was down 46.5% compared to the same quarter last year. Research analysts anticipate that Nielsen will post 1.78 earnings per share for the current year.

In other Nielsen news, major shareholder Windacre Partnership Llc purchased 9,942,485 shares of the business’s stock in a transaction dated Wednesday, April 6th. The shares were acquired at an average price of $27.44 per share, for a total transaction of $272,821,788.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 26,105,385 shares of company stock valued at $715,142,857 in the last three months. Company insiders own 0.53% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its holdings in Nielsen by 1,010.6% in the 4th quarter. Barclays PLC now owns 5,565,860 shares of the business services provider’s stock worth $114,156,000 after acquiring an additional 5,064,714 shares during the period. Legal & General Group Plc grew its position in Nielsen by 4.1% in the 4th quarter. Legal & General Group Plc now owns 1,587,085 shares of the business services provider’s stock worth $32,551,000 after purchasing an additional 61,860 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Nielsen by 82.1% during the 4th quarter. Deutsche Bank AG now owns 1,499,035 shares of the business services provider’s stock valued at $30,745,000 after acquiring an additional 676,019 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Nielsen by 30.8% during the 4th quarter. Parametric Portfolio Associates LLC now owns 796,771 shares of the business services provider’s stock valued at $16,342,000 after acquiring an additional 187,728 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Nielsen by 52.1% during the 4th quarter. Sei Investments Co. now owns 200,428 shares of the business services provider’s stock valued at $4,114,000 after acquiring an additional 68,688 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Nielsen from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $23.00 to $17.00 in a research note on Wednesday, January 26th. Morgan Stanley upgraded shares of Nielsen from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $15.00 to $28.00 in a research note on Tuesday, March 29th. Jefferies Financial Group lowered shares of Nielsen from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Wednesday, March 30th. StockNews.com began coverage on shares of Nielsen in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Royal Bank of Canada raised their target price on shares of Nielsen from $20.00 to $28.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.11.

Nielsen declared that its board has approved a share buyback plan on Monday, February 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 16% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About Nielsen (Get Rating)

Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company worldwide. The company provides viewership and listening data, and analytics principally to media publishers and marketers, and advertising agencies for television, computer, mobile, CTV, digital, and listening platforms.

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