Zacks Investment Research downgraded shares of Pearson, PLC (NYSE:PSO) from a hold rating to a sell rating in a research report sent to investors on Friday, July 21st.
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. “
Several other analysts have also commented on PSO. BidaskClub lowered Pearson, PLC from a buy rating to a hold rating in a research note on Thursday, July 13th. Macquarie raised Pearson, PLC from a neutral rating to an outperform rating in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed an underperform rating on shares of Pearson, PLC in a research note on Monday, March 27th. BNP Paribas downgraded Pearson, PLC from a neutral rating to an underperform rating in a research report on Wednesday, April 5th. Finally, Kepler Capital Markets downgraded Pearson, PLC from a buy rating to a hold rating in a research report on Thursday, May 11th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Pearson, PLC presently has an average rating of Hold and an average target price of $10.00.
Pearson, PLC (NYSE PSO) traded down 1.15% during trading on Friday, hitting $7.73. The stock had a trading volume of 354,377 shares. The company’s 50-day moving average is $8.37 and its 200 day moving average is $8.43. The firm’s market cap is $6.30 billion. Pearson, PLC has a 52 week low of $7.04 and a 52 week high of $11.69.
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The company also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, August 18th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a dividend yield of 1.6%.
Several large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Pearson, PLC during the second quarter worth $237,000. Cubist Systematic Strategies LLC purchased a new stake in Pearson, PLC during the second quarter worth $127,000. Royal Bank of Canada increased its stake in Pearson, PLC by 45.8% in the second quarter. Royal Bank of Canada now owns 905,813 shares of the company’s stock worth $8,125,000 after buying an additional 284,612 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Pearson, PLC by 58.3% in the second quarter. Parametric Portfolio Associates LLC now owns 340,847 shares of the company’s stock worth $3,057,000 after buying an additional 125,554 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Pearson, PLC by 6.7% in the second quarter. Northern Trust Corp now owns 726,814 shares of the company’s stock worth $6,520,000 after buying an additional 45,855 shares in the last quarter. Institutional investors own 1.99% of the company’s stock.
About Pearson, PLC
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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