WESPAC Advisors SoCal LLC Buys 50 Shares of WPP PLC (WPPGY)
WESPAC Advisors SoCal LLC boosted its stake in WPP PLC (NASDAQ:WPPGY) by 3.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,500 shares of the business services provider’s stock after buying an additional 50 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in WPP PLC were worth $158,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of WPPGY. Huntington National Bank lifted its stake in WPP PLC by 62.6% in the 2nd quarter. Huntington National Bank now owns 1,179 shares of the business services provider’s stock valued at $124,000 after buying an additional 454 shares in the last quarter. Sei Investments Co. lifted its stake in WPP PLC by 10.8% in the 2nd quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock valued at $130,000 after buying an additional 120 shares in the last quarter. Simplex Trading LLC lifted its stake in WPP PLC by 58.6% in the 2nd quarter. Simplex Trading LLC now owns 1,473 shares of the business services provider’s stock valued at $155,000 after buying an additional 544 shares in the last quarter. Capital One National Association purchased a new stake in WPP PLC in the 2nd quarter valued at approximately $244,000. Finally, MML Investors Services LLC lifted its stake in WPP PLC by 14.8% in the 2nd quarter. MML Investors Services LLC now owns 2,499 shares of the business services provider’s stock valued at $263,000 after buying an additional 322 shares in the last quarter. 3.80% of the stock is currently owned by hedge funds and other institutional investors.
WPP PLC (WPPGY) traded up 2.05% during mid-day trading on Friday, hitting $95.75. The stock had a trading volume of 73,555 shares. WPP PLC has a one year low of $89.40 and a one year high of $121.06. The firm’s 50-day moving average is $96.65 and its 200 day moving average is $104.17. The stock has a market cap of $24.25 billion, a PE ratio of 10.89 and a beta of 1.21.
WPP PLC (NASDAQ:WPPGY) last issued its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.02. Equities research analysts expect that WPP PLC will post $9.39 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Shareholders 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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Several research analysts have weighed in on the company. UBS AG assumed coverage on WPP PLC in a report on Tuesday, June 13th. They issued a “buy” rating for the company. Zacks Investment Research downgraded WPP PLC from a “buy” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine downgraded WPP PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded WPP PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG downgraded WPP PLC from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, five 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 target price of $121.50.
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.
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