Sei Investments Co. lifted its position in WPP PLC (NASDAQ:WPPGY) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,231 shares of the business services provider’s stock after buying an additional 120 shares during the period. Sei Investments Co.’s holdings in WPP PLC were worth $130,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of WPP PLC by 11.6% in the 1st quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after buying an additional 1,332 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of WPP PLC by 3.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 89,604 shares of the business services provider’s stock worth $9,445,000 after buying an additional 2,647 shares during the last quarter. Sky Investment Group LLC grew its position in shares of WPP PLC by 3.3% in the 2nd quarter. Sky Investment Group LLC now owns 24,187 shares of the business services provider’s stock worth $2,550,000 after buying an additional 782 shares during the last quarter. Simplex Trading LLC grew its position in shares of WPP PLC by 58.6% in the 2nd 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. Finally, Capital One National Association purchased a new position in shares of WPP PLC in the 2nd quarter worth approximately $244,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have recently issued reports on WPPGY. UBS AG began coverage on shares of WPP PLC in a research report on Tuesday, June 13th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of WPP PLC from a “buy” rating to a “sell” rating in a research report on Tuesday, June 20th. BNP Paribas downgraded shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. ValuEngine downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Deutsche Bank AG downgraded shares of WPP PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. WPP PLC presently has a consensus rating of “Hold” and an average price target of $121.50.

Shares of WPP PLC (NASDAQ:WPPGY) opened at 91.83 on Wednesday. The stock has a market cap of $23.25 billion, a P/E ratio of 10.49 and a beta of 1.21. WPP PLC has a 52-week low of $89.40 and a 52-week high of $121.06. The firm’s 50-day moving average is $98.34 and its 200 day moving average is $105.20.

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

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

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.

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

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