Mondrian Investment Partners LTD Trims Stock Position in WPP plc (NYSE:WPP)

Mondrian Investment Partners LTD cut its stake in shares of WPP plc (NYSE:WPP - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,865,925 shares of the business services provider's stock after selling 7,002 shares during the quarter. WPP makes up about 2.4% of Mondrian Investment Partners LTD's portfolio, making the stock its 13th largest position. Mondrian Investment Partners LTD owned approximately 1.33% of WPP worth $136,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of WPP. Apollon Wealth Management LLC bought a new position in WPP during the 3rd quarter valued at $203,000. MQS Management LLC bought a new position in shares of WPP during the third quarter valued at about $286,000. Oppenheimer Asset Management Inc. lifted its position in shares of WPP by 0.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 35,068 shares of the business services provider's stock valued at $1,794,000 after purchasing an additional 303 shares in the last quarter. Ceera Investments LLC boosted its holdings in WPP by 23.3% during the third quarter. Ceera Investments LLC now owns 12,355 shares of the business services provider's stock worth $632,000 after purchasing an additional 2,335 shares during the last quarter. Finally, Caprock Group LLC grew its position in WPP by 5.0% in the 3rd quarter. Caprock Group LLC now owns 6,535 shares of the business services provider's stock worth $334,000 after purchasing an additional 313 shares in the last quarter. 4.34% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

WPP Price Performance

Shares of WPP traded up $0.06 during trading hours on Tuesday, hitting $40.38. The company's stock had a trading volume of 197,924 shares, compared to its average volume of 185,540. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 7.06 and a beta of 1.20. The business has a 50 day simple moving average of $45.27 and a two-hundred day simple moving average of $49.57. WPP plc has a 52-week low of $38.90 and a 52-week high of $57.37.

WPP Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 6th will be paid a dividend of $0.9728 per share. This represents a dividend yield of 6.2%. This is a positive change from WPP's previous semi-annual dividend of $0.95. The ex-dividend date of this dividend is Friday, June 6th. WPP's payout ratio is presently 8.04%.

Wall Street Analyst Weigh In

WPP has been the subject of several research analyst reports. Kepler Capital Markets raised WPP from a "hold" rating to a "buy" rating in a research report on Friday, January 24th. Barclays cut shares of WPP from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 28th. Finally, StockNews.com cut shares of WPP from a "buy" rating to a "hold" rating in a report on Monday, November 18th.

WPP 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.