Shares of WPP plc (NYSE:WPP) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company.
WPP has been the subject of several recent analyst reports. Credit Suisse Group downgraded shares of WPP from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Goldman Sachs reaffirmed a “neutral” rating on shares of WPP in a research note on Wednesday, January 24th. Bank of America downgraded shares of WPP from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. Zacks Investment Research raised shares of WPP from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, January 26th. Finally, HSBC downgraded shares of WPP from a “buy” rating to a “hold” rating in a research note on Monday, January 29th.
Shares of WPP traded up $0.11, hitting $89.19, during midday trading on Monday, Marketbeat.com reports. 109,797 shares of the stock traded hands, compared to its average volume of 189,010. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.63. WPP has a one year low of $76.68 and a one year high of $113.51.
The business also recently declared a Semi-Annual dividend, which will be paid on Monday, July 9th. Investors of record on Friday, June 15th will be paid a $2.566 dividend. The ex-dividend date is Thursday, June 14th. WPP’s payout ratio is currently 49.61%.
Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC bought a new position in WPP in the first quarter worth about $102,000. Archford Capital Strategies LLC purchased a new stake in WPP in the first quarter worth about $108,000. Neuburgh Advisers LLC purchased a new stake in WPP in the first quarter worth about $173,000. Riverhead Capital Management LLC purchased a new stake in WPP in the first quarter worth about $191,000. Finally, Jacobi Capital Management LLC purchased a new stake in WPP in the first quarter worth about $196,000. 4.94% of the stock is owned by institutional investors.
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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