Wpp Plc (NYSE:WPP) has received a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company.
A number of brokerages have recently weighed in on WPP. Zacks Investment Research upgraded shares of WPP from a “sell” rating to a “hold” rating in a report on Saturday, June 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of WPP in a report on Monday, July 23rd. Finally, ValuEngine upgraded shares of WPP from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd.
Large investors have recently made changes to their positions in the stock. Manning & Napier Group LLC acquired a new stake in WPP during the 2nd quarter worth $1,274,000. Dimensional Fund Advisors LP acquired a new stake in WPP during the 1st quarter worth $16,006,000. Hsbc Holdings PLC acquired a new stake in WPP during the 1st quarter worth $268,000. Northern Trust Corp raised its stake in WPP by 2.2% during the 2nd quarter. Northern Trust Corp now owns 1,277,076 shares of the business services provider’s stock worth $100,352,000 after acquiring an additional 27,084 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in WPP during the 1st quarter worth $684,000. Hedge funds and other institutional investors own 5.15% of the company’s stock.
Shares of WPP traded down $0.57 during midday trading on Thursday, reaching $67.26. The stock had a trading volume of 203,000 shares, compared to its average volume of 196,199. WPP has a 1-year low of $66.94 and a 1-year high of $103.53. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.40 and a beta of 1.12.
The business also recently declared a semiannual dividend, which will be paid on Monday, November 5th. Investors of record on Friday, October 5th will be paid a dividend of $1.4595 per share. This is a positive change from WPP’s previous semiannual dividend of $1.45. This represents a yield of 3.93%. The ex-dividend date of this dividend is Thursday, October 4th. WPP’s dividend payout ratio (DPR) is currently 37.63%.
WPP Company Profile
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 Consulting, Health & Wellness 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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