Wpp Plc (WPPGY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Wpp Plc (NASDAQ:WPPGY) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $116.00.
A number of analysts have recently commented on WPPGY shares. Zacks Investment Research upgraded Wpp Plc from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Thursday, July 13th. Morgan Stanley cut Wpp Plc from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 26th. Deutsche Bank AG cut Wpp Plc from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut Wpp Plc from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, BNP Paribas cut Wpp Plc from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank increased its position in shares of Wpp Plc by 62.6% during the second quarter. Huntington National Bank now owns 1,179 shares of the business services provider’s stock worth $124,000 after purchasing an additional 454 shares in the last quarter. Sei Investments Co. increased its position in shares of Wpp Plc by 10.8% during the second quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock worth $130,000 after purchasing an additional 120 shares in the last quarter. Simplex Trading LLC increased its position in shares of Wpp Plc by 58.6% during the second quarter. Simplex Trading LLC now owns 1,473 shares of the business services provider’s stock worth $155,000 after purchasing an additional 544 shares in the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of Wpp Plc by 3.4% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,500 shares of the business services provider’s stock worth $158,000 after purchasing an additional 50 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Wpp Plc during the second quarter worth approximately $162,000. Hedge funds and other institutional investors own 3.83% of the company’s stock.
Shares of Wpp Plc (NASDAQ:WPPGY) opened at 87.61 on Thursday. The company has a 50-day moving average of $91.91 and a 200 day moving average of $101.60. Wpp Plc has a 12-month low of $86.81 and a 12-month high of $119.12. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 9.76 and a beta of 1.20.
Wpp Plc (NASDAQ:WPPGY) last announced its quarterly earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.02. Analysts predict that Wpp Plc will post $9.39 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 6th will be given a $1.4532 dividend. 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.
Receive News & Ratings for Wpp Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wpp Plc and related companies with MarketBeat.com's FREE daily email newsletter.