Semmax Financial Advisors Inc. Buys Shares of 645 Wpp Plc (WPP)

Semmax Financial Advisors Inc. bought a new position in shares of Wpp Plc (NYSE:WPP) during the fourth quarter, HoldingsChannel reports. The firm bought 645 shares of the business services provider’s stock, valued at approximately $35,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC increased its position in shares of WPP by 1,361.4% in the 4th quarter. Private Capital Group LLC now owns 643 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 599 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in shares of WPP in the 3rd quarter valued at approximately $105,000. Archford Capital Strategies LLC increased its position in shares of WPP by 19.9% in the 4th quarter. Archford Capital Strategies LLC now owns 1,464 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 243 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of WPP in the 3rd quarter valued at approximately $110,000. Finally, Huntington National Bank increased its position in shares of WPP by 84.0% in the 4th quarter. Huntington National Bank now owns 1,731 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 790 shares during the last quarter. Institutional investors own 3.68% of the company’s stock.

NYSE WPP opened at $56.62 on Friday. The firm has a market capitalization of $14.12 billion, a P/E ratio of 7.85 and a beta of 0.99. Wpp Plc has a 12 month low of $50.31 and a 12 month high of $92.25.



The business also recently announced a semiannual dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 14th will be given a $2.4747 dividend. This represents a dividend yield of 8.63%. This is an increase from WPP’s previous semiannual dividend of $1.46. The ex-dividend date is Thursday, June 13th. WPP’s dividend payout ratio (DPR) is 41.61%.

A number of brokerages have commented on WPP. Bank of America raised shares of WPP from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 13th. Berenberg Bank raised shares of WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, ValuEngine raised shares of WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold”.

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WPP Company Profile

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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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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