Wpp Plc (NYSE:WPP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.93 and traded as high as $25.17. WPP shares last traded at $24.70, with a volume of 457,210 shares traded.
Wall Street Analyst Weigh In
WPP has been the subject of several analyst reports. Rothschild & Co Redburn started coverage on shares of WPP in a research note on Thursday, May 28th. They issued a "buy" rating for the company. Weiss Ratings restated a "sell (d)" rating on shares of WPP in a research note on Tuesday, June 16th. Citigroup reaffirmed a "neutral" rating on shares of WPP in a report on Monday, August 10th. The Goldman Sachs Group assumed coverage on WPP in a research report on Wednesday, June 3rd. They set a "sell" rating for the company. Finally, Berenberg Bank assumed coverage on WPP in a report on Tuesday, June 9th. They set a "buy" rating on the stock. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, WPP currently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on WPP
WPP Price Performance
The company's 50-day moving average is $21.43 and its two-hundred day moving average is $18.93. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39.
WPP Cuts Dividend
The business also recently announced a dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be paid a $0.5052 dividend. This represents a yield of 390.0%. The ex-dividend date is Friday, October 9th.
Institutional Investors Weigh In On WPP
Several large investors have recently modified their holdings of WPP. Jane Street Group LLC raised its holdings in shares of WPP by 49.0% in the 1st quarter. Jane Street Group LLC now owns 66,463 shares of the business services provider's stock worth $2,523,000 after purchasing an additional 21,866 shares during the period. Cetera Investment Advisers grew its holdings in 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. JPMorgan Chase & Co. grew its holdings in WPP by 58.3% during the second quarter. JPMorgan Chase & Co. now owns 6,397 shares of the business services provider's stock valued at $224,000 after purchasing an additional 2,355 shares during the period. Russell Investments Group Ltd. increased its position in WPP by 99.4% in the second quarter. Russell Investments Group Ltd. now owns 2,353 shares of the business services provider's stock worth $82,000 after buying an additional 1,173 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in WPP in the second quarter worth $407,000. Hedge funds and other institutional investors own 4.34% of the company's stock.
WPP Company Profile
(
Get Free Report)
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.
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