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

Wpp Plc (NYSE:WPP) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company.

Several equities research analysts recently issued reports on WPP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of WPP in a report on Friday, September 11th. Citigroup restated a “neutral” rating on shares of WPP in a report on Monday, August 10th. Berenberg Bank started coverage on shares of WPP in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of WPP in a research note on Tuesday, September 8th.

Institutional Trading of WPP

Large investors have recently modified their holdings of the stock. Range Financial Group LLC acquired a new position in WPP during the 1st quarter worth $1,147,000. Renaissance Technologies LLC acquired a new stake in WPP in the 1st quarter valued at about $1,619,000. Arrowstreet Capital Limited Partnership acquired a new stake in WPP in the 1st quarter valued at about $609,000. Barometer Capital Management Inc. purchased a new position in shares of WPP in the 1st quarter valued at about $535,000. Finally, Engineers Gate Manager LP purchased a new position in shares of WPP in the 2nd quarter valued at about $401,000. Hedge funds and other institutional investors own 4.34% of the company’s stock.

WPP Stock Performance

NYSE:WPP opened at $24.58 on Friday. WPP has a 52 week low of $14.81 and a 52 week high of $27.78. The stock’s fifty day moving average is $25.06 and its two-hundred day moving average is $20.22.

WPP Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be issued a dividend of $0.5052 per share. This is a drop from WPP’s previous dividend of $0.5079. The ex-dividend date is Friday, October 9th. This represents a yield of 390.0%.

WPP Company Profile

WPP plc is a global marketing and communications company that provides advertising, media investment, public relations, branding, customer experience, and technology services. Through its agencies and specialist businesses, WPP helps organizations develop brands, create content, reach audiences, and use data and technology to support marketing and customer engagement.

The company’s portfolio includes agencies and platforms such as WPP Media, VML, Ogilvy, Burson, AKQA, GroupM, and WPP Open.