D.A. Davidson & CO. increased its position in shares of WPP PLC (NASDAQ:WPPGY) by 22.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,210 shares of the business services provider’s stock after purchasing an additional 1,714 shares during the period. D.A. Davidson & CO.’s holdings in WPP PLC were worth $970,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Strategic Global Advisors LLC grew its stake in WPP PLC by 51.2% during the second quarter. Strategic Global Advisors LLC now owns 3,698 shares of the business services provider’s stock valued at $390,000 after acquiring an additional 1,253 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in WPP PLC by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 21,325 shares of the business services provider’s stock valued at $2,248,000 after acquiring an additional 518 shares in the last quarter. Comerica Securities Inc. grew its stake in WPP PLC by 2.2% during the second quarter. Comerica Securities Inc. now owns 3,821 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 82 shares in the last quarter. Ameriprise Financial Inc. grew its stake in WPP PLC by 54.1% during the second quarter. Ameriprise Financial Inc. now owns 7,201 shares of the business services provider’s stock valued at $743,000 after acquiring an additional 2,529 shares in the last quarter. Finally, NorthCoast Asset Management LLC grew its stake in WPP PLC by 8.5% during the second quarter. NorthCoast Asset Management LLC now owns 13,266 shares of the business services provider’s stock valued at $1,398,000 after acquiring an additional 1,043 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Several equities analysts recently weighed in on WPPGY shares. BidaskClub cut shares of WPP PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of WPP PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BNP Paribas cut shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. ValuEngine cut shares of WPP PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG cut 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, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $121.50.

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WPP PLC (NASDAQ:WPPGY) last posted its quarterly earnings data 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.

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

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

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