WPP PLC (WPPGY) Holdings Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its stake in shares of WPP PLC (NASDAQ:WPPGY) by 63.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 486,156 shares of the business services provider’s stock after buying an additional 189,567 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.19% of WPP PLC worth $51,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WPPGY. JPMorgan Chase & Co. boosted its holdings in WPP PLC by 41.1% during the second quarter. JPMorgan Chase & Co. now owns 209,996 shares of the business services provider’s stock worth $22,136,000 after buying an additional 61,156 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of WPP PLC during the second quarter worth about $2,676,000. First Trust Advisors LP raised its position in shares of WPP PLC by 8.5% during the second quarter. First Trust Advisors LP now owns 227,823 shares of the business services provider’s stock worth $24,015,000 after purchasing an additional 17,928 shares during the period. Goldman Sachs Group Inc. raised its position in shares of WPP PLC by 24.4% during the second quarter. Goldman Sachs Group Inc. now owns 84,557 shares of the business services provider’s stock worth $8,913,000 after purchasing an additional 16,563 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of WPP PLC by 8.1% during the second quarter. Parametric Portfolio Associates LLC now owns 199,460 shares of the business services provider’s stock worth $21,025,000 after purchasing an additional 14,981 shares during the period. Hedge funds and other institutional investors own 3.81% of the company’s stock.

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A number of equities research analysts have recently commented on the company. BidaskClub lowered WPP PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. UBS AG assumed coverage on WPP PLC in a research report on Tuesday, June 13th. They set a “buy” rating on the stock. BNP Paribas lowered WPP PLC from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Zacks Investment Research lowered WPP PLC from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG lowered WPP PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $121.50.

Shares of WPP PLC (NASDAQ WPPGY) traded up 0.29% during midday trading on Monday, reaching $91.92. The company had a trading volume of 186,027 shares. The stock has a market capitalization of $23.28 billion, a PE ratio of 10.24 and a beta of 1.20. The stock’s 50 day moving average is $93.17 and its 200-day moving average is $103.10. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12.

WPP PLC (NASDAQ:WPPGY) last issued its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, hitting the consensus estimate of $3.02. On average,

A number of other institutional investors and hedge funds also recently modified their holdings of WPPGY. JPMorgan Chase & Co. boosted its holdings in WPP PLC by 41.1% during the second quarter. JPMorgan Chase & Co. now owns 209,996 shares of the business services provider’s stock worth $22,136,000 after buying an additional 61,156 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of WPP PLC during the second quarter worth about $2,676,000. First Trust Advisors LP raised its position in shares of WPP PLC by 8.5% during the second quarter. First Trust Advisors LP now owns 227,823 shares of the business services provider’s stock worth $24,015,000 after purchasing an additional 17,928 shares during the period. Goldman Sachs Group Inc. raised its position in shares of WPP PLC by 24.4% during the second quarter. Goldman Sachs Group Inc. now owns 84,557 shares of the business services provider’s stock worth $8,913,000 after purchasing an additional 16,563 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of WPP PLC by 8.1% during the second quarter. Parametric Portfolio Associates LLC now owns 199,460 shares of the business services provider’s stock worth $21,025,000 after purchasing an additional 14,981 shares during the period. Hedge funds and other institutional investors own 3.81% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/wpp-plc-wppgy-holdings-boosted-by-arrowstreet-capital-limited-partnership.html.

A number of equities research analysts have recently commented on the company. BidaskClub lowered WPP PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. UBS AG assumed coverage on WPP PLC in a research report on Tuesday, June 13th. They set a “buy” rating on the stock. BNP Paribas lowered WPP PLC from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Zacks Investment Research lowered WPP PLC from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG lowered WPP PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $121.50.

Shares of WPP PLC (NASDAQ WPPGY) traded up 0.29% during midday trading on Monday, reaching $91.92. The company had a trading volume of 186,027 shares. The stock has a market capitalization of $23.28 billion, a PE ratio of 10.24 and a beta of 1.20. The stock’s 50 day moving average is $93.17 and its 200-day moving average is $103.10. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12.

WPP PLC (NASDAQ:WPPGY) last issued its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, hitting the consensus estimate of $3.02. On average, equities research analysts predict that WPP PLC will post $9.39 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 6th will be paid a $1.4532 dividend. This represents a dividend yield of 3.15%. The ex-dividend date of this dividend 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.

Institutional Ownership by Quarter for WPP PLC (NASDAQ:WPPGY)

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