Advisory Research Inc. held its position in WPP PLC (NASDAQ:WPPGY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,432 shares of the business services provider’s stock at the close of the 2nd quarter. Advisory Research Inc.’s holdings in WPP PLC were worth $1,688,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of WPP PLC by 11.6% during the 1st quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after buying an additional 1,332 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of WPP PLC by 3.6% during the 1st quarter. Nuveen Asset Management LLC now owns 8,294 shares of the business services provider’s stock worth $901,000 after buying an additional 285 shares during the last quarter. Cardinal Capital Management Inc. raised its stake in shares of WPP PLC by 19.6% during the 2nd quarter. Cardinal Capital Management Inc. now owns 54,060 shares of the business services provider’s stock worth $5,698,000 after buying an additional 8,845 shares during the last quarter. Capital One National Association acquired a new position in shares of WPP PLC during the 2nd quarter worth $244,000. Finally, Simplex Trading LLC raised its stake in shares of WPP PLC by 58.6% during the 2nd 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. 3.81% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on WPPGY shares. BNP Paribas downgraded WPP PLC from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of WPP PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. BidaskClub downgraded shares of WPP PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Morgan Stanley downgraded shares of WPP PLC from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Finally, Deutsche Bank AG downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $121.50.
Shares of WPP PLC (WPPGY) traded down 0.42% on Thursday, reaching $90.19. 23,518 shares of the company traded hands. The company has a market capitalization of $22.84 billion, a PE ratio of 10.04 and a beta of 1.20. The firm has a 50-day moving average of $92.33 and a 200-day moving average of $102.82. WPP PLC has a 52-week low of $89.40 and a 52-week high of $119.12.
WPP PLC (NASDAQ:WPPGY) last posted its quarterly earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $3.02. On average, equities research analysts forecast that WPP PLC will post $9.39 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 6th will be paid a dividend of $1.4532 per share. This represents a dividend yield of 3.15%. The ex-dividend date is Thursday, October 5th.
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WPP PLC Company 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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