WPP plc (NYSE:WPP) Holdings Reduced by Mission Wealth Management LP

Mission Wealth Management LP decreased its position in WPP plc (NYSE:WPP) by 11.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,883 shares of the business services provider’s stock after selling 1,034 shares during the period. Mission Wealth Management LP’s holdings in WPP were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WPP. Smartleaf Asset Management LLC lifted its stake in shares of WPP by 453.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider’s stock worth $61,000 after acquiring an additional 966 shares during the period. GAMMA Investing LLC lifted its stake in shares of WPP by 92.4% in the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock worth $64,000 after acquiring an additional 599 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of WPP in the 3rd quarter worth approximately $84,000. QRG Capital Management Inc. acquired a new stake in shares of WPP in the 4th quarter worth approximately $202,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of WPP in the 3rd quarter worth approximately $203,000. Institutional investors own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Kepler Capital Markets raised shares of WPP from a “hold” rating to a “buy” rating in a research note on Friday, January 24th. Barclays lowered shares of WPP from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 28th. Finally, StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a research note on Monday, November 18th.

WPP Price Performance

WPP stock opened at $39.72 on Thursday. WPP plc has a 12 month low of $38.90 and a 12 month high of $57.37. The firm has a market cap of $8.57 billion, a PE ratio of 6.65, a P/E/G ratio of 7.06 and a beta of 1.25. The firm has a 50 day simple moving average of $46.94 and a 200 day simple moving average of $49.90.

WPP Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, July 4th. Investors of record on Friday, June 6th will be paid a dividend of $0.9728 per share. The ex-dividend date is Friday, June 6th. This is a positive change from WPP’s previous semi-annual dividend of $0.95. This represents a yield of 6.2%. WPP’s dividend payout ratio is currently 8.04%.

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.