Brown Brothers Harriman & Co. lifted its holdings in shares of Nielsen Holdings plc (NYSE:NLSN) by 9.8% during the second quarter, Holdings Channel reports. The fund owned 49,045 shares of the business services provider’s stock after purchasing an additional 4,383 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Nielsen were worth $1,210,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Nielsen by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 45,110,612 shares of the business services provider’s stock valued at $1,112,879,000 after purchasing an additional 293,845 shares in the last quarter. FMR LLC lifted its holdings in Nielsen by 0.6% during the 2nd quarter. FMR LLC now owns 32,347,489 shares of the business services provider’s stock worth $798,013,000 after buying an additional 202,088 shares during the last quarter. Ariel Investments LLC grew its position in shares of Nielsen by 7.9% in the 2nd quarter. Ariel Investments LLC now owns 12,122,282 shares of the business services provider’s stock worth $299,057,000 after acquiring an additional 886,520 shares in the last quarter. Morgan Stanley increased its holdings in shares of Nielsen by 0.9% in the 1st quarter. Morgan Stanley now owns 11,263,735 shares of the business services provider’s stock valued at $283,282,000 after acquiring an additional 103,465 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Nielsen by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 6,828,966 shares of the business services provider’s stock valued at $168,200,000 after acquiring an additional 71,976 shares in the last quarter.
A number of research firms have commented on NLSN. Citigroup lowered their target price on shares of Nielsen from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, September 10th. Morgan Stanley lowered their price objective on shares of Nielsen from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 13th. Zacks Investment Research raised shares of Nielsen from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, September 13th. Finally, Royal Bank of Canada started coverage on Nielsen in a report on Wednesday, July 7th. They set a “sector perform” rating and a $25.00 target price for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.44.
Nielsen (NYSE:NLSN) last issued its quarterly earnings data on Thursday, July 29th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $861.00 million during the quarter, compared to analyst estimates of $855.07 million. Nielsen had a return on equity of 23.22% and a net margin of 13.93%. As a group, equities research analysts expect that Nielsen Holdings plc will post 1.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 2nd. Stockholders of record on Thursday, August 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, August 18th. Nielsen’s dividend payout ratio (DPR) is 15.79%.
Nielsen Holdings Plc engages in the provision of global marketing data collection and analytics services. It operates through the Connect, Media, and Corporate business segments. The Connect segment consists principally of market research information and analytical services. The Media segment handles television, radio, online and mobile audience and advertising measurement, and corresponding analytics.
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