Mission Wealth Management LP Lowers Holdings in WPP plc (NYSE:WPP)

Mission Wealth Management LP decreased its holdings in WPP plc (NYSE:WPP) by 11.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,883 shares of the business services provider’s stock after selling 1,034 shares during the quarter. Mission Wealth Management LP’s holdings in WPP were worth $405,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in shares of WPP by 45.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,397 shares of the business services provider’s stock worth $335,000 after purchasing an additional 2,007 shares during the period. GAMMA Investing LLC grew its holdings in shares of WPP by 92.4% during the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock worth $64,000 after purchasing an additional 599 shares during the period. HighTower Advisors LLC grew its holdings in shares of WPP by 22.5% during the 3rd quarter. HighTower Advisors LLC now owns 19,658 shares of the business services provider’s stock worth $1,001,000 after purchasing an additional 3,615 shares during the period. Stifel Financial Corp grew its holdings in shares of WPP by 67.6% during the 3rd quarter. Stifel Financial Corp now owns 55,963 shares of the business services provider’s stock worth $2,863,000 after purchasing an additional 22,578 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of WPP by 66.1% during the 3rd quarter. Quantinno Capital Management LP now owns 34,950 shares of the business services provider’s stock worth $1,788,000 after purchasing an additional 13,912 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.

WPP Stock Up 1.3 %

NYSE WPP opened at $39.72 on Thursday. WPP plc has a fifty-two week low of $38.90 and a fifty-two week high of $57.37. The stock has a market cap of $8.57 billion, a PE ratio of 6.65, a P/E/G ratio of 7.06 and a beta of 1.25. The business has a 50 day moving average price of $46.94 and a two-hundred day moving average price of $49.90.

WPP Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 4th. Shareholders of record on Friday, June 6th will be given a $0.9728 dividend. This is a boost from WPP’s previous semi-annual dividend of $0.95. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 6.2%. WPP’s dividend payout ratio is 8.04%.

Analysts Set New Price Targets

WPP has been the subject of a number of research reports. StockNews.com cut WPP from a “buy” rating to a “hold” rating in a 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 upgraded WPP from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

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.