Private Advisor Group LLC Has $415,000 Stock Position in WPP plc (NYSE:WPP)

Private Advisor Group LLC increased its position in shares of WPP plc (NYSE:WPPFree Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,716 shares of the business services provider’s stock after acquiring an additional 1,580 shares during the quarter. Private Advisor Group LLC’s holdings in WPP were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp increased its holdings in shares of WPP by 7.7% in the third quarter. M&T Bank Corp now owns 11,801 shares of the business services provider’s stock worth $526,000 after acquiring an additional 847 shares in the last quarter. NBC Securities Inc. bought a new stake in WPP in the 3rd quarter valued at $303,000. Vestmark Advisory Solutions Inc. boosted its stake in WPP by 1.4% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 17,344 shares of the business services provider’s stock worth $773,000 after purchasing an additional 240 shares during the period. Exencial Wealth Advisors LLC boosted its position in shares of WPP by 4.1% during the third quarter. Exencial Wealth Advisors LLC now owns 14,259 shares of the business services provider’s stock worth $636,000 after buying an additional 563 shares during the period. Finally, NewEdge Wealth LLC raised its position in WPP by 1.4% in the 3rd quarter. NewEdge Wealth LLC now owns 17,344 shares of the business services provider’s stock valued at $773,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded WPP from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, WPP has an average rating of “Hold” and an average target price of $46.00.

Get Our Latest Stock Analysis on WPP

WPP Stock Down 1.2 %

WPP stock opened at $53.04 on Wednesday. WPP plc has a twelve month low of $41.13 and a twelve month high of $57.30. 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 business has a 50 day moving average price of $48.90 and a two-hundred day moving average price of $47.44.

WPP Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 7th will be issued a dividend of $0.244 per share. The ex-dividend date is Friday, June 7th. This represents a yield of 5.3%.

WPP Profile

(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.

Further Reading

Institutional Ownership by Quarter for WPP (NYSE:WPP)

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