International Assets Investment Management LLC acquired a new stake in WPP plc (NYSE:WPP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 28,905 shares of the business services provider's stock, valued at approximately $1,479,000.
Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in WPP by 45.3% in 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 during the period. Blue Trust Inc. raised its holdings in WPP by 767.1% in the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider's stock worth $35,000 after acquiring an additional 652 shares during the period. Allspring Global Investments Holdings LLC bought a new position in WPP in the 1st quarter worth $39,000. EverSource Wealth Advisors LLC raised its holdings in WPP by 62.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider's stock worth $66,000 after acquiring an additional 505 shares during the period. Finally, Rothschild Investment LLC bought a new position in WPP in the 2nd quarter worth $80,000. Institutional investors and hedge funds own 4.34% of the company's stock.
WPP Stock Performance
Shares of NYSE:WPP traded up $0.36 on Monday, hitting $53.60. 85,358 shares of the company were exchanged, compared to its average volume of 160,423. The company's 50 day moving average price is $50.40 and its two-hundred day moving average price is $49.30. WPP plc has a one year low of $42.49 and a one year high of $54.45.
WPP Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 11th were issued a dividend of $0.954 per share. This is an increase from WPP's previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend was Friday, October 11th. This represents a dividend yield of 5.7%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on WPP shares. Citigroup upgraded shares of WPP to a "strong-buy" rating in a report on Thursday, August 8th. StockNews.com downgraded shares of WPP from a "buy" rating to a "hold" rating in a report on Monday, October 28th.
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WPP Profile
(
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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