Todd Asset Management LLC acquired a new stake in shares of Wpp Plc (NASDAQ:WPPGY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,600 shares of the business services provider’s stock, valued at approximately $2,840,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPPGY. Arrowstreet Capital Limited Partnership raised its position in shares of Wpp Plc by 63.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 486,156 shares of the business services provider’s stock valued at $51,246,000 after buying an additional 189,567 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Wpp Plc during the 3rd quarter valued at about $7,885,000. JPMorgan Chase & Co. raised its position in shares of Wpp Plc by 41.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,996 shares of the business services provider’s stock valued at $22,136,000 after buying an additional 61,156 shares in the last quarter. Lenox Wealth Management Inc. purchased a new stake in shares of Wpp Plc during the 2nd quarter valued at about $2,676,000. Finally, Delphi Management Inc. MA raised its position in shares of Wpp Plc by 96.8% during the 2nd quarter. Delphi Management Inc. MA now owns 44,793 shares of the business services provider’s stock valued at $4,813,000 after buying an additional 22,037 shares in the last quarter. 3.87% of the stock is owned by institutional investors and hedge funds.
Shares of Wpp Plc (NASDAQ:WPPGY) traded up $0.20 during trading on Wednesday, reaching $85.02. The company’s stock had a trading volume of 274,200 shares, compared to its average volume of 150,726. Wpp Plc has a 52-week low of $83.71 and a 52-week high of $119.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.96.
Wpp Plc (NASDAQ:WPPGY) last issued its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, meeting analysts’ consensus estimates of $3.02. equities analysts predict that Wpp Plc will post 7.95 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Monday, November 6th. Shareholders of record on Friday, October 6th were paid a $1.4532 dividend. This represents a yield of 3.15%. The ex-dividend date was Thursday, October 5th.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Wpp Plc from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Morgan Stanley lowered shares of Wpp Plc from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 26th. Finally, Pivotal Research upgraded shares of Wpp Plc from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Wpp Plc presently has a consensus rating of “Hold” and an average price target of $116.00.
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.
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