Delphi Management Inc. MA boosted its holdings in WPP PLC (NASDAQ:WPPGY) by 96.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,793 shares of the business services provider’s stock after buying an additional 22,037 shares during the quarter. WPP PLC accounts for approximately 2.7% of Delphi Management Inc. MA’s holdings, making the stock its 6th biggest position. Delphi Management Inc. MA’s holdings in WPP PLC were worth $4,813,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of WPPGY. Huntington National Bank raised its position in WPP PLC by 62.6% in the 2nd quarter. Huntington National Bank now owns 1,179 shares of the business services provider’s stock worth $124,000 after buying an additional 454 shares during the last quarter. Sei Investments Co. grew its stake in shares of WPP PLC by 10.8% during the 2nd quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 120 shares during the period. Simplex Trading LLC grew its stake in shares of WPP PLC by 58.6% during the 2nd quarter. Simplex Trading LLC now owns 1,473 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 544 shares during the period. WESPAC Advisors SoCal LLC grew its stake in shares of WPP PLC by 3.4% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,500 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 50 shares during the period. Finally, Americafirst Capital Management LLC bought a new stake in shares of WPP PLC during the 2nd quarter valued at about $162,000. 3.82% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. BNP Paribas downgraded WPP PLC from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Zacks Investment Research downgraded WPP PLC from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Deutsche Bank AG downgraded WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub downgraded WPP PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley downgraded WPP PLC from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $121.50.
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WPP PLC (WPPGY) traded up 0.64% during mid-day trading on Friday, reaching $90.68. The company’s stock had a trading volume of 82,158 shares. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12. The firm’s 50 day moving average price is $92.25 and its 200 day moving average price is $102.18. The stock has a market cap of $22.96 billion, a price-to-earnings ratio of 10.10 and a beta of 1.20.
WPP PLC (NASDAQ:WPPGY) last released its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, meeting the consensus estimate of $3.02. On average, equities analysts predict that WPP PLC will post $9.39 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 6th will be given a dividend of $1.4532 per share. This represents a dividend yield of 3.15%. The ex-dividend date is Thursday, October 5th.
WPP PLC Company Profile
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.
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