Sumitomo Mitsui Asset Management Company LTD boosted its position in Nielsen NV (NYSE:NLSN) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,203 shares of the company’s stock after buying an additional 685 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Nielsen NV were worth $1,413,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of NLSN. Virginia Retirement System purchased a new stake in Nielsen NV during the first quarter worth $295,000. Investec Asset Management LTD raised its stake in shares of Nielsen NV by 6.4% in the first quarter. Investec Asset Management LTD now owns 81,773 shares of the company’s stock valued at $4,306,000 after buying an additional 4,953 shares during the period. Aviva PLC raised its stake in shares of Nielsen NV by 1.3% in the first quarter. Aviva PLC now owns 178,502 shares of the company’s stock valued at $9,400,000 after buying an additional 2,295 shares during the period. Credit Agricole S A raised its stake in shares of Nielsen NV by 5.7% in the first quarter. Credit Agricole S A now owns 221,324 shares of the company’s stock valued at $11,656,000 after buying an additional 11,969 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Nielsen NV during the first quarter valued at approximately $716,000. Institutional investors own 92.33% of the company’s stock.
Shares of Nielsen NV (NYSE:NLSN) traded up 0.79% during midday trading on Tuesday, reaching $53.89. 2,470,117 shares of the company traded hands. The company has a market capitalization of $19.26 billion, a PE ratio of 32.58 and a beta of 0.83. Nielsen NV has a 1-year low of $42.90 and a 1-year high of $55.94. The company has a 50 day moving average price of $52.80 and a 200 day moving average price of $52.93.
Nielsen NV (NYSE:NLSN) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. The company earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Nielsen NV had a net margin of 9.71% and a return on equity of 21.08%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. On average, analysts expect that Nielsen NV will post $2.87 earnings per share for the current year.
Several analysts have commented on the stock. Macquarie set a $61.00 price objective on shares of Nielsen NV and gave the stock a “buy” rating in a report on Wednesday, October 12th. JPMorgan Chase & Co. raised their price objective on shares of Nielsen NV from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Pivotal Research restated a “hold” rating on shares of Nielsen NV in a report on Tuesday, July 26th. BMO Capital Markets lowered shares of Nielsen NV from an “outperform” rating to a “market perform” rating and set a $56.00 price objective for the company. in a report on Friday, July 22nd. They noted that the move was a valuation call. Finally, Barclays PLC restated a “buy” rating on shares of Nielsen NV in a report on Saturday, July 9th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $57.93.
In other news, Director David L. Calhoun sold 577,320 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $52.93, for a total value of $30,557,547.60. Following the completion of the sale, the director now owns 1,117,653 shares of the company’s stock, valued at approximately $59,157,373.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dwight Barns sold 60,136 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $53.75, for a total transaction of $3,232,310.00. Following the completion of the sale, the chief executive officer now directly owns 248,600 shares of the company’s stock, valued at approximately $13,362,250. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
About Nielsen NV
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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