Keybank National Association OH reduced its stake in shares of WPP PLC (NASDAQ:WPPGY) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,439 shares of the business services provider’s stock after selling 2,170 shares during the period. Keybank National Association OH’s holdings in WPP PLC were worth $1,944,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Huntington National Bank raised its position in shares of WPP PLC by 62.6% in the second quarter. Huntington National Bank now owns 1,179 shares of the business services provider’s stock worth $124,000 after buying an additional 454 shares in the last quarter. Sei Investments Co. increased its stake in WPP PLC by 10.8% in the second quarter. Sei Investments Co. now owns 1,231 shares of the business services provider’s stock worth $130,000 after buying an additional 120 shares during the last quarter. Simplex Trading LLC increased its stake in WPP PLC by 58.6% in the second quarter. Simplex Trading LLC now owns 1,473 shares of the business services provider’s stock worth $155,000 after buying an additional 544 shares during the last quarter. Capital One National Association acquired a new stake in WPP PLC during the second quarter worth approximately $244,000. Finally, Checchi Capital Advisers LLC increased its stake in WPP PLC by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 3,021 shares of the business services provider’s stock worth $318,000 after buying an additional 212 shares during the last quarter. 3.80% of the stock is currently owned by institutional investors.

Shares of WPP PLC (NASDAQ WPPGY) opened at 91.70 on Friday. The stock has a market cap of $23.22 billion, a P/E ratio of 10.47 and a beta of 1.22. WPP PLC has a 12-month low of $89.40 and a 12-month high of $121.55. The company’s 50-day moving average is $99.88 and its 200-day moving average is $106.30.

WPP PLC (NASDAQ:WPPGY) last announced its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.02. On average, analysts expect that WPP PLC will post $9.39 earnings per share for the current fiscal year.

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

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WPPGY has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of WPP PLC from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a report on Friday, May 19th. ValuEngine downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of WPP PLC from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. UBS AG started coverage on shares of WPP PLC in a report on Tuesday, June 13th. They issued a “buy” rating for the company. Finally, BNP Paribas downgraded shares of WPP PLC from an “outperform” rating to an “underperform” rating in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $121.50.

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

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