WPP plc (NYSE:WPP) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its position in shares of WPP plc (NYSE:WPP) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,451 shares of the business services provider’s stock after acquiring an additional 881 shares during the quarter. Signaturefd LLC’s holdings in WPP were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of WPP by 48.2% during the third quarter. CWM LLC now owns 864 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 281 shares during the period. UMB Bank n.a. boosted its holdings in shares of WPP by 54.0% during the third quarter. UMB Bank n.a. now owns 973 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 341 shares during the period. CVA Family Office LLC bought a new stake in shares of WPP during the fourth quarter valued at about $49,000. Bruce G. Allen Investments LLC bought a new stake in shares of WPP during the fourth quarter valued at about $111,000. Finally, Fifth Third Bancorp raised its stake in shares of WPP by 70.3% during the fourth quarter. Fifth Third Bancorp now owns 3,286 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 1,357 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Price Performance

Shares of WPP stock opened at $50.24 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $46.77 and its two-hundred day moving average price is $46.28. WPP plc has a 52 week low of $41.13 and a 52 week high of $59.70.

WPP Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group cut shares of WPP from a “buy” rating to a “sell” rating in a research note on Thursday, January 11th. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, WPP has a consensus rating of “Hold” and a consensus price target 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.