WPP plc (NYSE:WPP) Shares Acquired by OLD Mission Capital LLC

OLD Mission Capital LLC grew its position in WPP plc (NYSE:WPP - Free Report) by 1,612.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,306 shares of the business services provider's stock after buying an additional 71,851 shares during the quarter. OLD Mission Capital LLC's holdings in WPP were worth $3,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WPP. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of WPP by 47.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider's stock valued at $274,016,000 after acquiring an additional 1,734,750 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of WPP in the 4th quarter valued at about $8,724,000. Gilman Hill Asset Management LLC lifted its position in shares of WPP by 2.4% in the 4th quarter. Gilman Hill Asset Management LLC now owns 81,212 shares of the business services provider's stock worth $4,174,000 after purchasing an additional 1,865 shares during the period. Natixis Advisors LLC boosted its stake in shares of WPP by 8.2% during the fourth quarter. Natixis Advisors LLC now owns 65,942 shares of the business services provider's stock valued at $3,389,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in WPP by 67.6% during the third quarter. Stifel Financial Corp now owns 55,963 shares of the business services provider's stock valued at $2,863,000 after buying an additional 22,578 shares during the period. Institutional investors own 4.34% of the company's stock.

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WPP Stock Performance

NYSE:WPP traded down $0.79 during midday trading on Thursday, reaching $36.74. 811,196 shares of the stock traded hands, compared to its average volume of 199,244. The business has a 50-day moving average of $43.70 and a two-hundred day moving average of $48.72. WPP plc has a 12-month low of $34.62 and a 12-month high of $57.37. The stock has a market capitalization of $7.93 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 7.06 and a beta of 1.20.

WPP Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on WPP shares. Kepler Capital Markets upgraded WPP from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Barclays cut WPP from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group started coverage on WPP in a research report on Wednesday, March 26th. They set a "neutral" rating on the stock. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.