Sanctuary Advisors LLC Sells 1,614 Shares of WPP plc (NYSE:WPP)

Sanctuary Advisors LLC trimmed its position in shares of WPP plc (NYSE:WPP) by 25.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,783 shares of the business services provider’s stock after selling 1,614 shares during the quarter. Sanctuary Advisors LLC’s holdings in WPP were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in WPP by 92.4% during the fourth quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 599 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of WPP during the 3rd quarter valued at about $84,000. Apollon Wealth Management LLC bought a new position in shares of WPP in the 3rd quarter worth approximately $203,000. Blue Trust Inc. lifted its stake in shares of WPP by 14.1% in the 4th quarter. Blue Trust Inc. now owns 4,024 shares of the business services provider’s stock worth $206,000 after purchasing an additional 498 shares during the period. Finally, Optas LLC purchased a new position in shares of WPP in the fourth quarter worth approximately $234,000. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WPP has been the topic of several recent research reports. StockNews.com downgraded shares of WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Barclays cut WPP from an “overweight” rating to an “equal weight” rating in a report on Friday, February 28th. Finally, Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

WPP Trading Up 1.3 %

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 capitalization of $8.57 billion, a price-to-earnings ratio of 6.65, a P/E/G ratio of 7.06 and a beta of 1.25. The firm has a 50 day moving average of $46.94 and a 200 day moving average of $49.90.

WPP Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, July 4th. Stockholders of record on Friday, June 6th will be given a dividend of $0.9728 per share. This represents a dividend yield of 6.2%. This is an increase from WPP’s previous semi-annual dividend of $0.95. The ex-dividend date of this dividend is Friday, June 6th. WPP’s dividend payout ratio (DPR) is presently 8.04%.

About WPP

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.