Wpp Plc (NYSE:WPP) Given Average Recommendation of "Hold" by Analysts

Shares of Wpp Plc (NYSE:WPP - Get Free Report) have earned an average rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company.

Several equities analysts have recently commented on the stock. Berenberg Bank initiated coverage on shares of WPP in a research report on Tuesday, June 9th. They set a "buy" rating for the company. The Goldman Sachs Group assumed coverage on shares of WPP in a research report on Wednesday, June 3rd. They issued a "sell" rating on the stock. Weiss Ratings restated a "sell (d)" rating on shares of WPP in a research report on Tuesday, June 16th. Citigroup restated a "neutral" rating on shares of WPP in a research note on Monday, August 10th. Finally, Rothschild & Co Redburn started coverage on WPP in a report on Thursday, May 28th. They set a "buy" rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its holdings in shares of WPP by 9.2% during the second quarter. Cetera Investment Advisers now owns 7,766 shares of the business services provider's stock valued at $272,000 after purchasing an additional 654 shares during the period. Osaic Holdings Inc. lifted 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 worth $49,000 after purchasing an additional 717 shares during the period. Ameriprise Financial Inc. grew its position in WPP by 6.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,704 shares of the business services provider's stock valued at $343,000 after buying an additional 776 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in WPP in the 3rd quarter valued at about $28,000. Finally, Legacy Wealth Asset Management LLC increased its stake in WPP by 6.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 18,988 shares of the business services provider's stock valued at $294,000 after buying an additional 1,146 shares during the period. Institutional investors own 4.34% of the company's stock.

WPP Price Performance

Shares of NYSE WPP opened at $25.33 on Tuesday. WPP has a 1-year low of $14.81 and a 1-year high of $27.78. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 1.39. The business's fifty day moving average price is $22.13 and its two-hundred day moving average price is $19.13.

WPP Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be paid a dividend of $0.5052 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a yield of 390.0%.

WPP Company Profile

WPP plc NYSE: WPP is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world's largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.