International Assets Investment Management LLC purchased a new position in shares of WPP plc (NYSE:WPP - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,905 shares of the business services provider's stock, valued at approximately $1,479,000.
Several other institutional investors have also bought and sold shares of WPP. Mondrian Investment Partners LTD grew its holdings in WPP by 46.5% during the first quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider's stock worth $158,791,000 after buying an additional 1,062,708 shares in the last quarter. Bank of Montreal Can grew its holdings in WPP by 72.0% during the second quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider's stock worth $9,247,000 after buying an additional 80,102 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in WPP by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider's stock worth $14,759,000 after buying an additional 63,363 shares in the last quarter. Brandes Investment Partners LP boosted its position in WPP by 7.0% in the second quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider's stock worth $30,232,000 after purchasing an additional 42,690 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in WPP in the second quarter worth $1,860,000. Institutional investors own 4.34% of the company's stock.
WPP Stock Up 0.8 %
WPP stock traded up $0.41 during midday trading on Monday, hitting $53.65. The company's stock had a trading volume of 61,762 shares, compared to its average volume of 160,313. WPP plc has a 1 year low of $42.49 and a 1 year high of $54.45. The stock's 50-day moving average price is $50.27 and its 200 day moving average price is $49.26.
WPP Increases Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 11th were given a dividend of $0.954 per share. This represents a dividend yield of 5.7%. The ex-dividend date was Friday, October 11th. This is a boost from WPP's previous Semi-Annual dividend of $0.24.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Citigroup raised WPP to a "strong-buy" rating in a research report on Thursday, August 8th. StockNews.com cut WPP from a "buy" rating to a "hold" rating in a research report on Monday, October 28th.
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About WPP
(
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.
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