Wpp Plc (WPPGY) Announces Semiannual Dividend of $1.45
Wpp Plc (NASDAQ:WPPGY) announced a semiannual dividend on Friday, August 25th, Wall Street Journal reports. Investors of record on Friday, October 6th will be given a dividend of 1.4532 per share by the business services provider on Monday, November 6th. This represents a yield of 3.15%. The ex-dividend date of this dividend is Thursday, October 5th.
Wpp Plc (NASDAQ WPPGY) traded down 1.03% during trading on Friday, reaching $92.18. 172,511 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $101.47 and a 200-day moving average of $107.35. Wpp Plc has a 12 month low of $89.40 and a 12 month high of $121.55. The stock has a market cap of $23.34 billion, a PE ratio of 10.41 and a beta of 1.19.
Wpp Plc (NASDAQ:WPPGY) last released its quarterly earnings results on Wednesday, August 23rd. The business services provider reported $3.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.02. On average, equities research analysts anticipate that Wpp Plc will post $9.39 earnings per share for the current fiscal year.
Several research analysts recently weighed in on WPPGY shares. BidaskClub downgraded Wpp Plc from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Wpp Plc from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Friday, May 19th. ValuEngine downgraded Wpp Plc from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BNP Paribas downgraded Wpp Plc from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Finally, Deutsche Bank AG downgraded Wpp Plc from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Wpp Plc presently has an average rating of “Hold” and an average price target of $121.50.
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About Wpp Plc
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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