Trade Report: The British Columbia Investment Management Corp Reduced the position of Nielsen NV (NLSN)

The British Columbia Investment Management Corp Reduced the position of Nielsen NV (NLSN)

British Columbia Investment Management Corp lowered its stake in shares of Nielsen NV (NYSE:NLSN) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 177,651 shares of the company’s stock after selling 13,031 shares during the period. British Columbia Investment Management Corp’s holdings in Nielsen NV were worth $9,517,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB purchased a new stake in shares of Nielsen NV during the second quarter worth about $43,343,000. Putnam FL Investment Management Co. boosted its position in Nielsen NV by 6.6% in the second quarter. Putnam FL Investment Management Co. now owns 330,721 shares of the company’s stock valued at $17,188,000 after buying an additional 20,589 shares during the period. Nationwide Fund Advisors boosted its position in Nielsen NV by 15.6% in the second quarter. Nationwide Fund Advisors now owns 231,318 shares of the company’s stock valued at $12,022,000 after buying an additional 31,242 shares during the period. Swiss National Bank boosted its position in Nielsen NV by 12.9% in the second quarter. Swiss National Bank now owns 1,014,461 shares of the company’s stock valued at $52,722,000 after buying an additional 115,900 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Nielsen NV by 25.3% in the second quarter. JPMorgan Chase & Co. now owns 277,253 shares of the company’s stock valued at $14,408,000 after buying an additional 56,067 shares during the period. 93.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nielsen NV (NYSE:NLSN) traded up 0.67% on Friday, hitting $43.40. 1,175,640 shares of the stock traded hands. The firm has a market cap of $15.51 billion, a PE ratio of 26.67 and a beta of 0.85. The firm has a 50 day moving average price of $47.35 and a 200 day moving average price of $51.67. Nielsen NV has a 52-week low of $42.25 and a 52-week high of $55.94.

Nielsen NV (NYSE:NLSN) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.02. Nielsen NV had a return on equity of 21.50% and a net margin of 9.46%. The business earned $1.57 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Nielsen NV will post $2.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 22nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Nielsen NV’s dividend payout ratio is presently 76.54%.

Several research analysts recently weighed in on NLSN shares. Needham & Company LLC restated a “buy” rating and issued a $65.00 price objective on shares of Nielsen NV in a research report on Monday, November 7th. Telsey Advisory Group decreased their price objective on shares of Nielsen NV from $61.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Citigroup Inc. restated a “neutral” rating and issued a $45.00 price objective on shares of Nielsen NV in a research report on Thursday, November 17th. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price objective on shares of Nielsen NV in a research report on Tuesday, September 27th. Finally, Cantor Fitzgerald set a $57.00 price objective on shares of Nielsen NV and gave the stock a “hold” rating in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Nielsen NV has an average rating of “Buy” and an average price target of $55.82.

In related news, SVP Jeffrey Charlton sold 5,574 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $45.72, for a total value of $254,843.28. Following the transaction, the senior vice president now directly owns 18,266 shares of the company’s stock, valued at approximately $835,121.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Arvin Kash sold 120,196 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $43.96, for a total value of $5,283,816.16. Following the completion of the transaction, the insider now directly owns 47,376 shares in the company, valued at $2,082,648.96. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Nielsen NV Company Profile

Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.

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