Wpp Plc (WPPGY) Position Lifted by NorthCoast Asset Management LLC

NorthCoast Asset Management LLC increased its position in shares of Wpp Plc (NASDAQ:WPPGY) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,266 shares of the business services provider’s stock after acquiring an additional 1,043 shares during the quarter. NorthCoast Asset Management LLC’s holdings in Wpp Plc were worth $1,398,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in Wpp Plc by 8.5% during the 2nd quarter. First Trust Advisors LP now owns 227,823 shares of the business services provider’s stock worth $24,015,000 after acquiring an additional 17,928 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Wpp Plc by 41.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,996 shares of the business services provider’s stock worth $22,136,000 after acquiring an additional 61,156 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in Wpp Plc by 3.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 89,604 shares of the business services provider’s stock worth $9,445,000 after acquiring an additional 2,647 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in Wpp Plc by 13.2% during the 2nd quarter. Freestone Capital Holdings LLC now owns 64,333 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 7,497 shares during the last quarter. Finally, Cardinal Capital Management Inc. boosted its stake in Wpp Plc by 19.6% during the 2nd quarter. Cardinal Capital Management Inc. now owns 54,060 shares of the business services provider’s stock worth $5,698,000 after acquiring an additional 8,845 shares during the last quarter. 3.80% of the stock is currently owned by institutional investors and hedge funds.

WPPGY has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Wpp Plc from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Friday, May 19th. ValuEngine lowered shares of Wpp Plc from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Wpp Plc from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. UBS AG initiated coverage on shares of Wpp Plc in a research note on Tuesday, June 13th. They set a “buy” rating on the stock. Finally, BNP Paribas lowered shares of Wpp Plc from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $121.50.

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Wpp Plc (WPPGY) traded up 0.5791% during trading on Monday, hitting $92.5328. 36,885 shares of the company’s stock traded hands. Wpp Plc has a 52-week low of $89.40 and a 52-week high of $121.06. The company’s 50 day moving average price is $98.68 and its 200 day moving average price is $105.56. The company has a market cap of $23.43 billion, a PE ratio of 10.5691 and a beta of 1.21.

Wpp Plc (NASDAQ:WPPGY) last announced its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.02. Analysts expect that Wpp Plc will post $9.39 earnings per share for the current year.

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 given 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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