WPP’s (WPP) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d+) rating on shares of WPP (NYSE:WPP) in a research note issued to investors on Friday,Weiss Ratings reports.

Several other research firms have also weighed in on WPP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of WPP in a report on Thursday, July 10th. Kepler Capital Markets downgraded WPP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Barclays restated an “underweight” rating on shares of WPP in a report on Friday, August 8th. Wall Street Zen lowered shares of WPP from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Finally, Zacks Research raised WPP from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, WPP presently has an average rating of “Reduce”.

WPP Price Performance

WPP stock opened at $23.96 on Friday. The stock has a fifty day moving average price of $25.23 and a two-hundred day moving average price of $31.23. WPP has a 52-week low of $22.42 and a 52-week high of $57.37. The firm has a market capitalization of $5.17 billion, a P/E ratio of 4.01 and a beta of 0.95.

WPP Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.5033 dividend. This represents a yield of 447.0%. The ex-dividend date is Friday, October 10th.

Institutional Trading of WPP

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. grew its holdings in WPP by 88.3% during the first quarter. Assetmark Inc. now owns 996 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 467 shares during the period. Osaic Holdings Inc. boosted its position in shares of WPP by 105.8% during the second quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock worth $49,000 after purchasing an additional 717 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of WPP in the 2nd quarter valued at $52,000. Blue Trust Inc. increased its position in shares of WPP by 30.3% in the 3rd quarter. Blue Trust Inc. now owns 2,592 shares of the business services provider’s stock valued at $65,000 after buying an additional 602 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in WPP by 3,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,917 shares of the business services provider’s stock worth $73,000 after buying an additional 1,863 shares during the period. 4.34% of the stock is owned by institutional investors.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.