Wpp Plc (WPP) – What Are Brokerages Thinking About This Stock?

Shares of Wpp Plc (NYSE:WPP) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.

A number of research firms recently commented on WPP. Citigroup reiterated a “neutral” rating on shares of WPP in a report on Wednesday, October 21st. Weiss Ratings restated a “sell (d)” rating on shares of WPP in a report on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of WPP in a research report on Tuesday, September 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of WPP during the first quarter worth $1,619,000. Range Financial Group LLC acquired a new position in shares of WPP in the 1st quarter valued at $1,147,000. Sei Investments Co. grew its holdings in shares of WPP by 115.7% in the 1st quarter. Sei Investments Co. now owns 48,528 shares of the business services provider’s stock valued at $755,000 after buying an additional 26,031 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of WPP in the 1st quarter valued at $609,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of WPP in the 1st quarter valued at $535,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Stock Performance

NYSE:WPP opened at $27.46 on Wednesday. WPP has a 12-month low of $14.81 and a 12-month high of $28.03. The stock’s fifty day simple moving average is $25.77 and its 200-day simple moving average is $20.58.

WPP Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 9th were paid a dividend of $0.5052 per share. This represents a yield of 398.0%. The ex-dividend date of this dividend was Friday, October 9th. This is a negative change from WPP’s previous dividend of $0.5079.

About WPP

WPP plc is a global marketing and communications services company headquartered in London. Through its agencies and specialist businesses, the company helps clients develop brands, create advertising campaigns, plan and buy media, manage customer relationships, and use data and technology to support marketing and business transformation.

WPP’s businesses provide creative services, media investment, public relations, branding, experience design, commerce, and digital marketing. Its operations include GroupM, a media investment business, as well as a broad network of agencies serving clients across sectors such as consumer goods, technology, financial services, healthcare, automotive, and retail.

The company traces its origins to Wire and Plastic Products, which was established in 1971 and later transformed into a marketing services group through acquisitions and international expansion.