Callan Family Office LLC Invests $569,000 in WPP plc (NYSE:WPP)

Callan Family Office LLC bought a new position in shares of WPP plc (NYSE:WPP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,061 shares of the business services provider's stock, valued at approximately $569,000.

Other hedge funds also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. increased its position in shares of WPP by 1.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 17,402 shares of the business services provider's stock valued at $894,000 after purchasing an additional 207 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of WPP during the fourth quarter worth $8,724,000. M&T Bank Corp increased its holdings in WPP by 1.9% in the fourth quarter. M&T Bank Corp now owns 12,506 shares of the business services provider's stock valued at $642,000 after buying an additional 228 shares during the last quarter. Assetmark Inc. raised its stake in WPP by 52,800.0% in the fourth quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock valued at $27,000 after buying an additional 528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in WPP by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,937 shares of the business services provider's stock worth $973,000 after buying an additional 2,956 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company's stock.

WPP Price Performance

Shares of WPP traded down $0.28 during midday trading on Thursday, reaching $40.55. 229,694 shares of the stock were exchanged, compared to its average volume of 252,202. WPP plc has a twelve month low of $38.90 and a twelve month high of $57.37. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 7.06 and a beta of 1.20. The business's 50-day moving average price is $45.87 and its 200 day moving average price is $49.71.

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WPP Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 6th will be issued a $0.9728 dividend. This is an increase from WPP's previous semi-annual dividend of $0.95. This represents a dividend yield of 6.2%. The ex-dividend date is Friday, June 6th. WPP's dividend payout ratio is presently 8.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com downgraded WPP from a "buy" rating to a "hold" rating in a report on Monday, November 18th. Barclays cut shares of WPP from an "overweight" rating to an "equal weight" rating in a report on Friday, February 28th. Finally, Kepler Capital Markets upgraded shares of WPP from a "hold" rating to a "buy" rating in a research report on Friday, January 24th.

WPP Company Profile

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.