WPP’s (WPP) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d+) rating on shares of WPP (NYSE:WPP) in a research note issued to investors on Wednesday morning,Weiss Ratings reports.

Several other research analysts also recently commented on WPP. Kepler Capital Markets downgraded WPP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays reissued an “underweight” rating on shares of WPP in a research note on Friday, August 8th. Wall Street Zen downgraded WPP from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of WPP in a research note on Thursday, July 10th. Finally, Zacks Research raised WPP from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, WPP has an average rating of “Reduce”.

WPP Trading Down 4.3%

Shares of NYSE WPP opened at $22.51 on Wednesday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 3.77 and a beta of 0.95. WPP has a 12 month low of $22.46 and a 12 month high of $57.37. The stock has a 50-day moving average price of $25.63 and a two-hundred day moving average price of $32.14.

WPP Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.5033 dividend. The ex-dividend date is Friday, October 10th. This represents a yield of 447.0%. WPP’s dividend payout ratio is presently 8.21%.

Institutional Trading of WPP

Several institutional investors have recently added to or reduced their stakes in the stock. Beacon Financial Group boosted its holdings in WPP by 14.9% in the third quarter. Beacon Financial Group now owns 9,244 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 1,200 shares during the last quarter. Corient Private Wealth LLC bought a new stake in WPP in the second quarter valued at approximately $204,000. Osaic Holdings Inc. boosted its holdings in WPP by 105.8% in the second quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 717 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in WPP by 63.4% in the second quarter. Tower Research Capital LLC TRC now owns 44,950 shares of the business services provider’s stock valued at $1,574,000 after acquiring an additional 17,444 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in WPP by 26.9% in the second quarter. Vident Advisory LLC now owns 7,859 shares of the business services provider’s stock valued at $275,000 after acquiring an additional 1,665 shares during the last quarter. 4.34% of the stock is currently owned by institutional investors.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.