WPP plc (NYSE:WPP - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.60 and last traded at $54.60, with a volume of 29820 shares changing hands. The stock had previously closed at $53.60.
Analyst Ratings Changes
Several research firms have issued reports on WPP. Citigroup raised 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.
Get Our Latest Analysis on WPP
WPP Stock Performance
The company has a market capitalization of $12.34 billion, a PE ratio of 9.21, a PEG ratio of 7.54 and a beta of 1.28. The stock has a fifty day moving average of $50.40 and a 200 day moving average of $49.30.
WPP Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 11th were 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 was Friday, October 11th. This represents a yield of 5.7%. WPP's payout ratio is presently 32.99%.
Hedge Funds Weigh In On WPP
Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in WPP by 45.3% in the third 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. raised its stake in shares of WPP by 767.1% in the second 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 during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of WPP during the 1st quarter worth about $39,000. EverSource Wealth Advisors LLC grew its holdings in WPP by 62.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider's stock valued at $66,000 after purchasing an additional 505 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in WPP in the second quarter worth about $80,000. Institutional investors own 4.34% of the company's stock.
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.
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