Public Employees Retirement System of Ohio bought a new stake in shares of WPP PLC (NASDAQ:WPPGY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,900 shares of the business services provider’s stock, valued at approximately $727,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its stake 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. Nuveen Asset Management LLC boosted its stake in shares of WPP PLC by 3.6% in the 1st quarter. Nuveen Asset Management LLC now owns 8,294 shares of the business services provider’s stock worth $901,000 after buying an additional 285 shares during the last quarter. Capital One National Association purchased a new position in shares of WPP PLC in the 2nd quarter worth $244,000. Creative Planning boosted its stake in shares of WPP PLC by 6.1% in the 2nd quarter. Creative Planning now owns 8,917 shares of the business services provider’s stock worth $940,000 after buying an additional 514 shares during the last quarter. Finally, Sky Investment Group LLC boosted its stake 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. Institutional investors and hedge funds own 3.86% of the company’s stock.

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WPP PLC (WPPGY) opened at $86.30 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. WPP PLC has a 52-week low of $84.29 and a 52-week high of $119.12.

WPP PLC (NASDAQ:WPPGY) last released its earnings results on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.02. analysts anticipate that WPP PLC will post 7.95 earnings per share for the current year.

The business also recently announced a semiannual dividend, which was paid on Monday, November 6th. Investors of record on Friday, October 6th were given a dividend of $1.4532 per share. The ex-dividend date was Thursday, October 5th. This represents a yield of 3.15%.

A number of equities analysts have recently issued reports on WPPGY shares. Zacks Investment Research upgraded WPP PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Pivotal Research upgraded WPP PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Deutsche Bank AG downgraded WPP PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Morgan Stanley downgraded WPP PLC from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $116.00.

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.

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

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