Wpp Plc (NYSE:WPP) Stock Now Rated “Hold” by Sell-Side Analysts

Wpp Plc (NYSE:WPP) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company.

A number of research analysts have commented on the company. Citigroup restated a “neutral” rating on shares of WPP in a research note on Wednesday, October 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of WPP in a research note on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of WPP in a research note on Tuesday, September 8th.

WPP Trading Down 1.0%

WPP opened at $26.02 on Wednesday. WPP has a 52-week low of $14.81 and a 52-week high of $27.89. The company has a 50 day moving average of $25.73 and a two-hundred day moving average of $20.47.

WPP Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 9th will be given a dividend of $0.5052 per share. This is a drop from WPP’s previous dividend of $0.5079. The ex-dividend date of this dividend is Friday, October 9th. This represents a yield of 398.0%.

Institutional Trading of WPP

Several large investors have recently bought and sold shares of WPP. Signaturefd LLC raised its stake in shares of WPP by 53.8% during the third quarter. Signaturefd LLC now owns 3,424 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 1,198 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of WPP during the third quarter worth $310,000. Legacy Wealth Asset Management LLC boosted its stake in shares of WPP by 2.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 19,476 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 488 shares during the period. QRG Capital Management Inc. purchased a new position in shares of WPP in the second quarter valued at $176,000. Finally, Engineers Gate Manager LP purchased a new position in shares of WPP in the second quarter valued at $401,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

About WPP

WPP plc is a global marketing and communications services company headquartered in London. Through its agencies and specialist businesses, the company helps clients develop brands, create advertising campaigns, plan and buy media, manage customer relationships, and use data and technology to support marketing and business transformation.

WPP’s businesses provide creative services, media investment, public relations, branding, experience design, commerce, and digital marketing. Its operations include GroupM, a media investment business, as well as a broad network of agencies serving clients across sectors such as consumer goods, technology, financial services, healthcare, automotive, and retail.

The company traces its origins to Wire and Plastic Products, which was established in 1971 and later transformed into a marketing services group through acquisitions and international expansion.