5 Best Advertising Stocks To Invest In

2. The Interpublic Group of Companies, Inc. (NYSE:IPG)

Number of Hedge Fund Holders: 30

The Interpublic Group of Companies, Inc. (NYSE:IPG) is a New York-based company that provides advertising and marketing services worldwide. The company specializes in consumer advertising, digital marketing, communications planning, media buying, public relations, specialized communications disciplines, and data science services. The Interpublic Group of Companies, Inc. (NYSE:IPG) is one of the premier advertising stocks to invest in.

On October 31, The Interpublic Group of Companies, Inc. (NYSE:IPG) declared a quarterly dividend of $0.29 per share, in line with previous. The dividend is payable on December 15, to shareholders of the company as of December 1. The Interpublic Group of Companies, Inc. (NYSE:IPG) also posted market-beating Q3 results. 

Investment advisory JPMorgan sees attractive risk/reward profiles on the advertising agencies into the Q3 results, and he reiterated an Overweight rating on The Interpublic Group of Companies, Inc. (NYSE:IPG) with a price target of $38. Analyst David Karnovsky issued the ratings update. 

According to Insider Monkey’s data, The Interpublic Group of Companies, Inc. (NYSE:IPG) was part of 30 hedge fund portfolios at the end of June 2022, compared to 32 in the last quarter. Harris Associates is the biggest position holder in the company, with 14.5 million shares worth nearly $400 million. 

Here is what Ariel Fund & Ariel Appreciation Fund has to say about The Interpublic Group of Companies, Inc. (NYSE:IPG) in its Q3 2021 investor letter:

“Marketing communication company, Interpublic Group of Companies, Inc. (IPG) was the top contributor over the trailing one-year period. Notably, IPG is delivering a stronger than expected revenue mix between Technology and Healthcare relative to its peer group, solid cost containment and margin expansion. Meanwhile, the company continued to focus on de-levering the balance sheet. In our view, IPG’s Acxiom acquisition for data has proven to be a winner, helping the company increase their revenue across all eight major advertising sectors by industry. We believe these results continue to demonstrate the strength and resiliency of the business model and expect IPG to be a beneficiary of increasing advertising and marketing budgets across an improving global economy.”