Insider Selling: James W. Cuminale Sells 31,409 Shares of Nielsen Hldg NV Stock (NLSN)
Nielsen Hldg NV (NASDAQ:NLSN) Insider James W. Cuminale sold 31,409 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $46.81, for a total transaction of $1,470,255.29. Following the transaction, the insider now directly owns 80,719 shares in the company, valued at approximately $3,778,456. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NLSN shares. Analysts at Zacks downgraded shares of Nielsen Hldg NV from a “neutral” rating to an “underperform” rating in a research note on Friday, August 1st. They now have a $44.10 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Nielsen Hldg NV from $45.00 to $48.00 in a research note on Thursday, July 31st. Finally, analysts at FBR Capital Markets raised their price target on shares of Nielsen Hldg NV from $51.00 to $55.00 in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $47.55.
Nielsen Hldg NV (NASDAQ:NLSN) traded down 0.09% during mid-day trading on Thursday, hitting $46.72. The stock had a trading volume of 935,787 shares. Nielsen Hldg NV has a one year low of $34.36 and a one year high of $49.61. The stock’s 50-day moving average is $47.65 and its 200-day moving average is $46.65. The company has a market cap of $17.767 billion and a price-to-earnings ratio of 44.11.
Nielsen Hldg NV (NASDAQ:NLSN) last released its earnings data on Tuesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts predict that Nielsen Hldg NV will post $2.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 26th.
Nielsen NV, formerly Nielsen Holdings NV, is a Netherlands-based company engaged in information and measurement services.
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