Schechter Investment Advisors LLC Lowers Holdings in WPP plc (NYSE:WPP)

Schechter Investment Advisors LLC decreased its holdings in WPP plc (NYSE:WPP) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,362 shares of the business services provider’s stock after selling 454 shares during the quarter. Schechter Investment Advisors LLC’s holdings in WPP were worth $1,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC boosted its stake in shares of WPP by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,930 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 210 shares during the period. Cetera Advisor Networks LLC lifted its stake in WPP by 2.9% in the second quarter. Cetera Advisor Networks LLC now owns 7,649 shares of the business services provider’s stock worth $400,000 after acquiring an additional 215 shares during the last quarter. American Century Companies Inc. lifted its stake in WPP by 1.2% in the third quarter. American Century Companies Inc. now owns 19,340 shares of the business services provider’s stock worth $862,000 after acquiring an additional 232 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in WPP by 1.4% in the third quarter. Vestmark Advisory Solutions Inc. now owns 17,344 shares of the business services provider’s stock worth $773,000 after acquiring an additional 240 shares during the last quarter. Finally, NewEdge Wealth LLC lifted its stake in WPP by 1.4% in the third quarter. NewEdge Wealth LLC now owns 17,344 shares of the business services provider’s stock worth $773,000 after acquiring an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

WPP Trading Down 0.2 %

Shares of WPP stock opened at $46.79 on Thursday. WPP plc has a one year low of $41.13 and a one year high of $60.37. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $47.10 and a two-hundred day moving average of $45.98.

WPP Cuts Dividend

The firm also recently declared 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%.

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.