Virtu KCG Holdings LLC Takes Position in WPP PLC (NASDAQ:WPPGY)

Virtu KCG Holdings LLC bought a new stake in WPP PLC (NASDAQ:WPPGY) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 5,196 shares of the business services provider’s stock, valued at approximately $548,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eaton Vance Management grew its position in WPP PLC by 0.5% during the 2nd quarter. Eaton Vance Management now owns 6,643 shares of the business services provider’s stock worth $700,000 after purchasing an additional 30 shares during the last quarter. Sit Investment Associates Inc. grew its position in WPP PLC by 0.6% during the 2nd quarter. Sit Investment Associates Inc. now owns 7,945 shares of the business services provider’s stock worth $837,000 after purchasing an additional 45 shares during the last quarter. WESPAC Advisors SoCal LLC grew its position in WPP PLC by 3.4% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,500 shares of the business services provider’s stock worth $158,000 after purchasing an additional 50 shares during the last quarter. Comerica Securities Inc. grew its position in WPP PLC by 2.2% during the 2nd quarter. Comerica Securities Inc. now owns 3,821 shares of the business services provider’s stock worth $412,000 after purchasing an additional 82 shares during the last quarter. Finally, Sei Investments Co. grew its position in WPP PLC by 10.8% during the 2nd quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock worth $130,000 after purchasing an additional 120 shares during the last quarter. 3.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WPP PLC (NASDAQ WPPGY) opened at 92.74 on Thursday. The stock has a market capitalization of $23.49 billion, a P/E ratio of 10.33 and a beta of 1.20. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12. The company has a 50-day moving average of $92.29 and a 200-day moving average of $102.27.

WPP PLC (NASDAQ:WPPGY) last issued its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.02. Equities analysts expect that WPP PLC will post $9.39 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Investors of record on Friday, October 6th will be issued a $1.4532 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 3.15%.

WPPGY has been the subject of several recent analyst reports. Morgan Stanley cut shares of WPP PLC from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of WPP PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Deutsche Bank AG cut shares of WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of WPP PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, BNP Paribas cut shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $121.50.

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Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eaton Vance Management grew its position in WPP PLC by 0.5% during the 2nd quarter. Eaton Vance Management now owns 6,643 shares of the business services provider’s stock worth $700,000 after purchasing an additional 30 shares during the last quarter. Sit Investment Associates Inc. grew its position in WPP PLC by 0.6% during the 2nd quarter. Sit Investment Associates Inc. now owns 7,945 shares of the business services provider’s stock worth $837,000 after purchasing an additional 45 shares during the last quarter. WESPAC Advisors SoCal LLC grew its position in WPP PLC by 3.4% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,500 shares of the business services provider’s stock worth $158,000 after purchasing an additional 50 shares during the last quarter. Comerica Securities Inc. grew its position in WPP PLC by 2.2% during the 2nd quarter. Comerica Securities Inc. now owns 3,821 shares of the business services provider’s stock worth $412,000 after purchasing an additional 82 shares during the last quarter. Finally, Sei Investments Co. grew its position in WPP PLC by 10.8% during the 2nd quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock worth $130,000 after purchasing an additional 120 shares during the last quarter. 3.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WPP PLC (NASDAQ WPPGY) opened at 92.74 on Thursday. The stock has a market capitalization of $23.49 billion, a P/E ratio of 10.33 and a beta of 1.20. WPP PLC has a 12-month low of $89.40 and a 12-month high of $119.12. The company has a 50-day moving average of $92.29 and a 200-day moving average of $102.27.

WPP PLC (NASDAQ:WPPGY) last issued its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.02. Equities analysts expect that WPP PLC will post $9.39 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Investors of record on Friday, October 6th will be issued a $1.4532 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 3.15%.

WPPGY has been the subject of several recent analyst reports. Morgan Stanley cut shares of WPP PLC from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of WPP PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Deutsche Bank AG cut shares of WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of WPP PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, BNP Paribas cut shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $121.50.

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WPP PLC 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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