Shares of Wpp Plc (NYSE:WPP) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company.
Several equities research analysts recently commented on the company. Zacks Investment Research cut WPP from a “buy” rating to a “sell” rating in a report on Friday, September 7th. ValuEngine raised WPP from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of WPP in a report on Monday, July 23rd. Moffett Nathanson assumed coverage on WPP in a report on Tuesday, June 19th. They set a “neutral” rating on the stock. Finally, Berenberg Bank cut WPP from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th.
Shares of NYSE:WPP opened at $73.05 on Friday. WPP has a 12 month low of $73.05 and a 12 month high of $103.53. The company has a market cap of $18.93 billion, a P/E ratio of 9.41, a PEG ratio of 2.45 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.65.
The business also recently declared a semiannual dividend, which will be paid on Monday, November 5th. Shareholders of record on Friday, October 5th will be issued a $1.4595 dividend. The ex-dividend date is Thursday, October 4th. This represents a dividend yield of 3.93%. This is a boost from WPP’s previous semiannual dividend of $1.45. WPP’s dividend payout ratio is currently 63.66%.
Several hedge funds and other institutional investors have recently bought and sold shares of WPP. Quadrant Capital Group LLC bought a new position in shares of WPP in the first quarter valued at $102,000. Archford Capital Strategies LLC bought a new position in shares of WPP in the first quarter valued at $108,000. Neuburgh Advisers LLC bought a new position in shares of WPP in the first quarter valued at $173,000. Riverhead Capital Management LLC bought a new position in shares of WPP in the first quarter valued at $191,000. Finally, Hall Laurie J Trustee bought a new position in shares of WPP in the first quarter valued at $197,000. 5.16% of the stock is currently owned by institutional investors.
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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