Citadel Advisors LLC Invests $1.35 Million in Wpp Plc (WPPGY) Stock
Citadel Advisors LLC purchased a new position in shares of Wpp Plc (NASDAQ:WPPGY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,821 shares of the business services provider’s stock, valued at approximately $1,351,000.
Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Wpp Plc by 11.6% during the first quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 1,332 shares during the period. Scout Investments Inc. increased its holdings in shares of Wpp Plc by 57.5% in the second quarter. Scout Investments Inc. now owns 31,275 shares of the business services provider’s stock valued at $3,297,000 after purchasing an additional 11,413 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Wpp Plc by 3.0% in the second quarter. Mawer Investment Management Ltd. now owns 89,604 shares of the business services provider’s stock valued at $9,445,000 after purchasing an additional 2,647 shares during the last quarter. Sky Investment Group LLC raised its position in shares of Wpp Plc by 3.3% in the second quarter. Sky Investment Group LLC now owns 24,187 shares of the business services provider’s stock valued at $2,550,000 after purchasing an additional 782 shares during the period. Finally, Strategic Global Advisors LLC raised its position in shares of Wpp Plc by 51.2% in the second quarter. Strategic Global Advisors LLC now owns 3,698 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 3.81% of the company’s stock.
Shares of Wpp Plc (NASDAQ WPPGY) opened at 90.71 on Wednesday. The stock has a 50 day moving average of $94.08 and a 200-day moving average of $103.34. Wpp Plc has a 12 month low of $89.40 and a 12 month high of $119.12. The company has a market cap of $22.97 billion, a PE ratio of 10.10 and a beta of 1.20.
Wpp Plc (NASDAQ:WPPGY) last announced its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, meeting the consensus estimate of $3.02. Equities analysts forecast that Wpp Plc will post $9.39 earnings per share for the current 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 given a dividend of $1.4532 per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 3.15%.
A number of research firms have recently issued reports on WPPGY. Zacks Investment Research upgraded shares of Wpp Plc from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Thursday, July 13th. UBS AG initiated coverage on shares of Wpp Plc in a research note on Tuesday, June 13th. They issued a “buy” rating on the stock. Morgan Stanley lowered shares of Wpp Plc from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Deutsche Bank AG cut shares of Wpp Plc from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub cut shares of Wpp Plc from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $121.50.
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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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