Mariner Wealth Advisors LLC decreased its stake in shares of Wpp Plc (NASDAQ:WPPGY) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,959 shares of the business services provider’s stock after selling 1,231 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Wpp Plc were worth $1,366,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of WPPGY. Geode Capital Management LLC increased its holdings in shares of Wpp Plc by 11.6% during the 1st quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 1,332 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Wpp Plc by 3.6% during the 1st quarter. Nuveen Asset Management LLC now owns 8,294 shares of the business services provider’s stock worth $901,000 after purchasing an additional 285 shares during the period. Cardinal Capital Management Inc. increased its holdings in shares of Wpp Plc by 19.6% during the 2nd quarter. Cardinal Capital Management Inc. now owns 54,060 shares of the business services provider’s stock worth $5,698,000 after purchasing an additional 8,845 shares during the period. Capital One National Association bought a new position in shares of Wpp Plc during the 2nd quarter worth about $244,000. Finally, Simplex Trading LLC increased its holdings in shares of Wpp Plc by 58.6% during the 2nd quarter. Simplex Trading LLC now owns 1,473 shares of the business services provider’s stock worth $155,000 after purchasing an additional 544 shares during the period. Institutional investors own 3.80% of the company’s stock.

Several research firms have recently issued reports on WPPGY. ValuEngine downgraded shares of Wpp Plc from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Wpp Plc from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of Wpp Plc from a “buy” rating to a “sell” rating in a report on Tuesday, June 20th. UBS AG began coverage on shares of Wpp Plc in a report on Tuesday, June 13th. They set a “buy” rating on the stock. Finally, BNP Paribas downgraded shares of Wpp Plc from an “outperform” rating to an “underperform” rating in a report on Friday, July 7th. Two equities research 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. The stock has a consensus rating of “Hold” and a consensus target price of $121.50.

Wpp Plc (WPPGY) traded up 1.60% during mid-day trading on Friday, reaching $95.33. 166,156 shares of the company were exchanged. Wpp Plc has a 12-month low of $89.40 and a 12-month high of $121.06. The company’s 50 day moving average price is $96.65 and its 200-day moving average price is $104.17. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 10.62 and a beta of 1.21.

Wpp Plc (NASDAQ:WPPGY) last issued 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. On average, equities research analysts forecast that Wpp Plc will post $9.39 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a yield of 3.15%. The ex-dividend date of this dividend is Thursday, October 5th.

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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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