Reasons to Hold on to Interpublic Group (IPG) Stock For Now
Interpublic's (IPG) increasingly diverse workforce enables organic growth and strengthening of foothold in international markets.
The Interpublic Group of Companies, Inc. IPG has had an impressive run on the bourse over the past year. Shares have gained 51.5%, significantly outperforming the 7.9% growth of the industry it belongs to.
Interpublic Group of Companies, Inc. The Price
What’s Supporting the Rally?
Interpublic’s increasingly diverse workforce gives the company a key competitive edge. The company continues to attract, acquire and develop strategic, creative and digital talent from diverse backgrounds with a view to increase organic growth and strengthen its foothold in international markets.
The company continues to invest in technology and internationalize its digital specialist agencies to keep pace with the rapidly evolving media landscape. It has been enhancing its digital capabilities like search, social, user experience, content creation, analytics and mobile across its portfolio in order to maintain growth in the dynamic sector.
Commitment to shareholder returns makes the Interpublic stock a reliable investment to compound wealth over the long term. In 2020 and 2019, Interpublic paid $398.1 million and $363.1 million in dividends, respectively. In 2018 and 2017, the company paid $322.1 million and $280.3 million in dividend payments and repurchased shares worth $117.1 million and $300.1 million, respectively. Such moves indicate the company’s commitment to create value for shareholders and underline its confidence in its business.
Interpublic has more outstanding long-term debt than cash. Cash and cash equivalent balance at the end of third-quarter 2021 was $2.5 billion compared with the long-term debt level of $3.5 billion.
Zacks Rank & Stocks to Consider
Interpublic currently carries a Zacks Rank #3 (Hold).
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Accenture PLC (ACN): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
Interpublic Group of Companies, Inc. The (IPG): Free Stock Analysis Report
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