According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group AG downgraded shares of Pearson PLC from a neutral rating to an underperform rating in a research note on Tuesday, November 22nd. Deutsche Bank AG restated a sell rating on shares of Pearson PLC in a research note on Wednesday, December 7th. Finally, Societe Generale upgraded shares of Pearson PLC from a hold rating to a buy rating in a research note on Tuesday, January 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $11.00.
Shares of Pearson PLC (NYSE:PSO) opened at 8.00 on Wednesday. The firm’s market cap is $6.52 billion. The company has a 50 day moving average of $8.14 and a 200-day moving average of $9.22. Pearson PLC has a 12-month low of $7.04 and a 12-month high of $13.20.
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The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 17th. Stockholders of record on Friday, April 7th will be paid a $0.4236 dividend. This is an increase from Pearson PLC’s previous semiannual dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a dividend yield of 10.17%.
Several large investors have recently made changes to their positions in PSO. Capstone Asset Management Co. increased its stake in shares of Pearson PLC by 1.1% in the third quarter. Capstone Asset Management Co. now owns 88,368 shares of the company’s stock valued at $865,000 after buying an additional 920 shares during the last quarter. Guggenheim Capital LLC increased its stake in Pearson PLC by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,493 shares of the company’s stock worth $185,000 after buying an additional 925 shares in the last quarter. Sei Investments Co. increased its stake in Pearson PLC by 2.0% in the third quarter. Sei Investments Co. now owns 64,899 shares of the company’s stock worth $635,000 after buying an additional 1,287 shares in the last quarter. Bollard Group LLC increased its stake in Pearson PLC by 2.3% in the third quarter. Bollard Group LLC now owns 76,209 shares of the company’s stock worth $746,000 after buying an additional 1,728 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Pearson PLC by 4.5% in the third quarter. Wells Fargo & Company MN now owns 84,826 shares of the company’s stock worth $830,000 after buying an additional 3,630 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.
About Pearson PLC
Pearson plc (Pearson) is an international education and media company. The Company has operations in the education, business information and consumer publishing markets. The Company operates through three segments: North America, Core and Growth. The North American business serves educators and students in the United States and Canada from early education through elementary, middle and high schools and into higher education with a range of products and services, such as courseware, assessments and services.
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