WPP (WPP) Sets New 1-Year Low at $53.16

Shares of Wpp Plc (NYSE:WPP) reached a new 52-week low on Tuesday . The stock traded as low as $53.16 and last traded at $53.19, with a volume of 6103 shares. The stock had previously closed at $55.86.

Several analysts have recently weighed in on the stock. Kepler Capital Markets reaffirmed a “hold” rating on shares of WPP in a report on Friday, October 26th. Zacks Investment Research lowered shares of WPP from a “buy” rating to a “sell” rating in a report on Friday, September 7th. Pivotal Research raised shares of WPP from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Finally, ValuEngine raised shares of WPP from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.00.

The company has a market cap of $13.95 billion, a P/E ratio of 6.85, a P/E/G ratio of 7.05 and a beta of 1.29.

The business also recently declared a semiannual dividend, which was paid on Monday, November 5th. Stockholders of record on Friday, October 5th were paid a dividend of $1.4595 per share. This is a boost from WPP’s previous semiannual dividend of $1.45. This represents a dividend yield of 3.93%. The ex-dividend date was Thursday, October 4th. WPP’s dividend payout ratio is 38.66%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WPP. Macquarie Group Ltd. bought a new stake in shares of WPP during the third quarter valued at approximately $62,943,000. Morningstar Investment Services LLC bought a new stake in shares of WPP during the third quarter valued at approximately $62,429,000. Brandes Investment Partners LP bought a new stake in shares of WPP during the third quarter valued at approximately $60,894,000. Mondrian Investment Partners LTD bought a new stake in shares of WPP during the third quarter valued at approximately $36,879,000. Finally, Renaissance Technologies LLC bought a new stake in shares of WPP during the third quarter valued at approximately $24,633,000. 4.64% of the stock is currently owned by institutional investors and hedge funds.

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About WPP (NYSE:WPP)

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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