M&T Bank Corp raised its holdings in shares of WPP PLC (NASDAQ:WPPGY) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,635 shares of the business services provider’s stock after acquiring an additional 1,538 shares during the quarter. M&T Bank Corp’s holdings in WPP PLC were worth $1,016,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. WESPAC Advisors SoCal LLC raised its position in shares of WPP PLC by 3.4% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,500 shares of the business services provider’s stock worth $158,000 after acquiring an additional 50 shares in the last quarter. MML Investors Services LLC boosted its holdings in WPP PLC by 14.8% in the second quarter. MML Investors Services LLC now owns 2,499 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 322 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in WPP PLC by 22.9% in the second quarter. D.A. Davidson & CO. now owns 9,210 shares of the business services provider’s stock valued at $970,000 after purchasing an additional 1,714 shares in the last quarter. Strategic Global Advisors LLC boosted its holdings in 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 in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in WPP PLC by 2.5% in the second quarter. PNC Financial Services Group Inc. now owns 21,325 shares of the business services provider’s stock valued at $2,248,000 after purchasing an additional 518 shares in the last quarter. 3.81% of the stock is owned by institutional investors and hedge funds.

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WPP PLC (NASDAQ WPPGY) opened at 92.80 on Monday. WPP PLC has a 52 week low of $89.40 and a 52 week high of $119.12. The stock has a market capitalization of $23.50 billion, a P/E ratio of 10.33 and a beta of 1.20. The firm has a 50 day moving average price of $96.65 and a 200 day moving average price of $104.17.

WPP PLC (NASDAQ:WPPGY) last released its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, hitting the consensus estimate of $3.02. Equities research analysts predict that WPP PLC will post $9.39 earnings per share for the current year.

The business also recently announced 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 of this dividend is Thursday, October 5th. This represents a yield of 3.15%.

Several analysts have recently weighed in on WPPGY shares. BidaskClub downgraded shares of WPP PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research lowered shares of WPP PLC from a “buy” rating to a “sell” rating in a research note on Tuesday, June 20th. UBS AG initiated coverage on shares of WPP PLC in a research report on Tuesday, June 13th. They issued a “buy” rating for the company. BNP Paribas cut shares of WPP PLC from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Finally, Deutsche Bank AG downgraded WPP PLC from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $121.50.

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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