KCM Investment Advisors LLC Has $442,000 Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

KCM Investment Advisors LLC increased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 53.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,971 shares of the business services provider’s stock after purchasing an additional 4,849 shares during the period. KCM Investment Advisors LLC’s holdings in Interpublic Group of Companies were worth $442,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Millennium Management LLC lifted its stake in Interpublic Group of Companies by 571.7% in the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after purchasing an additional 1,248,062 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Interpublic Group of Companies by 19.8% during the second quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock valued at $158,157,000 after acquiring an additional 899,332 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Interpublic Group of Companies by 101.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider’s stock valued at $55,162,000 after acquiring an additional 853,287 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock valued at $199,063,000 after acquiring an additional 828,150 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Interpublic Group of Companies during the first quarter valued at $20,493,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 7.2 %

NYSE IPG opened at $27.10 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $30.62 and its two-hundred day simple moving average is $30.59. The Interpublic Group of Companies, Inc. has a twelve month low of $27.01 and a twelve month high of $35.17. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 12.78 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. Research analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.87%. Interpublic Group of Companies’s payout ratio is 62.26%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Barclays dropped their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Finally, StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.