Hall Laurie J Trustee acquired a new position in shares of Wpp Plc (NYSE:WPP) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,475 shares of the business services provider’s stock, valued at approximately $182,000.
Several other large investors have also modified their holdings of WPP. First Trust Advisors LP acquired a new stake in shares of WPP during the 3rd quarter worth about $23,467,000. Dimensional Fund Advisors LP acquired a new stake in shares of WPP during the 1st quarter worth about $16,006,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of WPP during the 3rd quarter worth about $9,170,000. Aperio Group LLC acquired a new stake in shares of WPP during the 3rd quarter worth about $9,023,000. Finally, Bank of Montreal Can acquired a new stake in shares of WPP during the 2nd quarter worth about $6,756,000. 5.11% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on WPP shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of WPP in a research report on Monday, July 23rd. Pivotal Research raised WPP from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Kepler Capital Markets reissued a “hold” rating on shares of WPP in a research report on Friday. Zacks Investment Research downgraded WPP from a “buy” rating to a “sell” rating in a research report on Friday, September 7th. Finally, ValuEngine raised WPP from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 23rd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $107.00.
The company also recently announced a semiannual dividend, which will be paid on Monday, November 5th. Investors of record on Friday, October 5th will be issued a dividend of $1.4595 per share. This represents a yield of 3.93%. This is a boost from WPP’s previous semiannual dividend of $1.45. The ex-dividend date is Thursday, October 4th. WPP’s dividend payout ratio (DPR) is 38.66%.
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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