CVA Family Office LLC Takes $49,000 Position in WPP plc (NYSE:WPP)

CVA Family Office LLC purchased a new position in shares of WPP plc (NYSE:WPP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,022 shares of the business services provider’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Optiver Holding B.V. lifted its holdings in shares of WPP by 732.7% in the third quarter. Optiver Holding B.V. now owns 119,986 shares of the business services provider’s stock valued at $5,349,000 after purchasing an additional 105,577 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in WPP during the 3rd quarter valued at $2,866,000. FMR LLC grew its holdings in WPP by 7.1% during the 3rd quarter. FMR LLC now owns 972,751 shares of the business services provider’s stock worth $43,365,000 after acquiring an additional 64,087 shares in the last quarter. Marshall Wace LLP acquired a new position in WPP during the 2nd quarter worth $2,955,000. Finally, Mondrian Investment Partners LTD lifted its position in shares of WPP by 5.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,114,886 shares of the business services provider’s stock worth $58,286,000 after buying an additional 53,000 shares during the last quarter. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Price Performance

NYSE WPP opened at $46.79 on Thursday. The business has a 50 day simple moving average of $47.10 and a 200 day simple moving average of $45.98. WPP plc has a 52-week low of $41.13 and a 52-week high of $60.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.86.

WPP Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 7th will be issued a $0.244 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a dividend yield of 5.3%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. downgraded shares of WPP from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 13th. Finally, UBS Group lowered shares of WPP from a “buy” rating to a “sell” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, WPP currently has a consensus rating of “Hold” and an average target price of $46.00.

WPP Company 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.