Shares of WPP plc (NYSE:WPP - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $50.18, but opened at $51.85. WPP shares last traded at $51.98, with a volume of 25,947 shares changing hands.
Analysts Set New Price Targets
WPP has been the subject of a number of research reports. Citigroup upgraded shares of WPP to a "strong-buy" rating in a research report on Thursday, August 8th. StockNews.com raised WPP from a "hold" rating to a "buy" rating in a research report on Sunday, September 8th.
Get Our Latest Research Report on WPP
WPP Stock Up 5.8 %
The firm's 50-day moving average is $49.10 and its 200 day moving average is $48.94.
WPP Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be paid a $0.954 dividend. This is an increase from WPP's previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Friday, October 11th. This represents a yield of 5.7%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in WPP by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 648 shares of the business services provider's stock worth $33,000 after acquiring an additional 202 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider's stock valued at $35,000 after acquiring an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of WPP during the 1st quarter worth about $39,000. EverSource Wealth Advisors LLC boosted its position in WPP by 62.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider's stock worth $66,000 after purchasing an additional 505 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of WPP during the 2nd quarter worth about $80,000. 4.34% of the stock is owned by institutional investors and hedge funds.
About WPP
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider WPP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WPP wasn't on the list.
While WPP currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
