Earnest Partners LLC Reduces Holdings in WPP PLC (WPPGY)

Earnest Partners LLC decreased its position in shares of WPP PLC (NASDAQ:WPPGY) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,654 shares of the business services provider’s stock after selling 53 shares during the quarter. Earnest Partners LLC’s holdings in WPP PLC were worth $385,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of WPPGY. Huntington National Bank grew its holdings in shares of WPP PLC by 62.6% during the second quarter. Huntington National Bank now owns 1,179 shares of the business services provider’s stock worth $124,000 after buying an additional 454 shares during the last quarter. Sei Investments Co. grew its holdings in shares of WPP PLC by 10.8% during the second quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock worth $130,000 after buying an additional 120 shares during the last quarter. Simplex Trading LLC grew its holdings in shares of WPP PLC by 58.6% during the second quarter. Simplex Trading LLC now owns 1,473 shares of the business services provider’s stock worth $155,000 after buying an additional 544 shares during the last quarter. WESPAC Advisors SoCal LLC grew its holdings in shares of WPP PLC by 3.4% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,500 shares of the business services provider’s stock worth $158,000 after buying an additional 50 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of WPP PLC by 56.4% during the second quarter. Quantbot Technologies LP now owns 1,965 shares of the business services provider’s stock worth $207,000 after buying an additional 709 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://sportsperspectives.com/2017/10/11/earnest-partners-llc-reduces-holdings-in-wpp-plc-wppgy.html.

A number of research firms recently issued reports on WPPGY. Morgan Stanley lowered WPP PLC from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 26th. Zacks Investment Research raised WPP PLC from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Deutsche Bank AG lowered WPP PLC from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered WPP PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, BNP Paribas lowered WPP PLC from an “outperform” rating to an “underperform” rating in a report 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 given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $121.50.

Shares of WPP PLC (NASDAQ:WPPGY) opened at 90.105 on Wednesday. WPP PLC has a one year low of $89.40 and a one year high of $119.12. The firm has a 50-day moving average price of $92.67 and a 200-day moving average price of $102.91. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of 10.034 and a beta of 1.20.

WPP PLC (NASDAQ:WPPGY) last released its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, hitting the consensus estimate of $3.02. Analysts anticipate that WPP PLC will post $9.39 earnings per share for the current fiscal year.

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

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.

Want to see what other hedge funds are holding WPPGY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPP PLC (NASDAQ:WPPGY).

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

Receive News & Ratings for WPP PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply