Nielsen Holdings plc (NYSE:NLSN – Get Rating) declared a quarterly dividend on Thursday, April 14th, RTT News reports. Shareholders of record on Thursday, June 2nd will be paid 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 dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 stock opened at $27.40 on Friday. Nielsen has a twelve month low of $16.02 and a twelve month high of $28.42. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.60. The stock has a market cap of $9.85 billion, a P/E ratio of 10.26 and a beta of 1.51. The business’s 50-day moving average price is $21.52 and its 200-day moving average price is $20.65.
Several analysts recently issued reports on the company. TheStreet downgraded Nielsen from a “b-” rating to a “c+” rating in a research note on Thursday, February 24th. The Goldman Sachs Group downgraded Nielsen from a “neutral” rating to a “sell” rating and decreased their target price for the company from $23.00 to $17.00 in a research note on Wednesday, January 26th. Jefferies Financial Group downgraded Nielsen from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research note on Wednesday, March 30th. Zacks Investment Research raised Nielsen from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, February 2nd. Finally, Morgan Stanley raised Nielsen from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $15.00 to $28.00 in a research note on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.11.
Nielsen announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 16% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
In related news, major shareholder Windacre Partnership Llc bought 10,510,800 shares of the company’s stock in a transaction dated Monday, April 11th. The stock was purchased at an average price of $27.30 per share, for a total transaction of $286,944,840.00. Following the acquisition, the insider now owns 78,497,000 shares in the company, valued at $2,142,968,100. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders bought 26,105,385 shares of company stock valued at $715,142,857. Company insiders own 0.53% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in Nielsen by 1,010.6% during the 4th quarter. Barclays PLC now owns 5,565,860 shares of the business services provider’s stock valued at $114,156,000 after acquiring an additional 5,064,714 shares during the period. Legal & General Group Plc boosted its holdings in Nielsen by 4.1% during the 4th quarter. Legal & General Group Plc now owns 1,587,085 shares of the business services provider’s stock valued at $32,551,000 after acquiring an additional 61,860 shares during the period. Deutsche Bank AG boosted its holdings in 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 during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Nielsen by 30.8% in the 4th quarter. Parametric Portfolio Associates LLC now owns 796,771 shares of the business services provider’s stock worth $16,342,000 after buying an additional 187,728 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Nielsen by 52.1% in the 4th quarter. Sei Investments Co. now owns 200,428 shares of the business services provider’s stock worth $4,114,000 after buying an additional 68,688 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.
Nielsen Company Profile (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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