Wpp Plc (NYSE:WPP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Wpp Plc (NYSE:WPP) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

Several research analysts have weighed in on WPP shares. Barclays upgraded WPP from an “underweight” rating to an “equal weight” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a report on Wednesday, January 21st. Wall Street Zen upgraded WPP from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Citigroup reiterated a “neutral” rating on shares of WPP in a report on Thursday, April 30th.

WPP Stock Performance

WPP stock opened at $17.46 on Wednesday. WPP has a 1 year low of $14.81 and a 1 year high of $40.94. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.48. The stock’s 50 day moving average price is $16.90 and its 200 day moving average price is $19.26.

WPP Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, July 6th. Shareholders of record on Friday, June 5th will be issued a $0.5079 dividend. The ex-dividend date is Friday, June 5th. This represents a yield of 616.0%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in WPP by 185.0% in the 4th quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 814 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of WPP during the 3rd quarter worth $28,000. SBI Securities Co. Ltd. increased its holdings in shares of WPP by 323.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock worth $36,000 after buying an additional 1,111 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of WPP by 1,279.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock worth $41,000 after buying an additional 1,689 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of WPP by 184.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,889 shares of the business services provider’s stock worth $42,000 after buying an additional 1,225 shares during the last quarter. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Company Profile

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.