Bank of Montreal Can raised its holdings in Wpp Plc (NYSE:WPP) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,049 shares of the business services provider’s stock after acquiring an additional 15,142 shares during the period. Bank of Montreal Can’s holdings in WPP were worth $4,860,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Archford Capital Strategies LLC raised its holdings in 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 acquiring an additional 243 shares during the last quarter. Investors Research Corp raised its holdings in WPP by 3.5% in the 1st quarter. Investors Research Corp now owns 10,447 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 350 shares during the last quarter. Global Retirement Partners LLC raised its holdings in WPP by 861.2% in the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 422 shares during the last quarter. Private Capital Group LLC raised its holdings in 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 acquiring an additional 599 shares during the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in WPP in the 4th quarter valued at about $35,000. Institutional investors own 3.66% of the company’s stock.
A number of research firms have commented on WPP. Zacks Investment Research downgraded shares of WPP from a “strong-buy” rating to a “sell” rating in a report on Friday, May 3rd. Barclays upgraded shares of WPP from an “equal weight” rating to an “overweight” rating in a report on Monday, April 29th. ValuEngine downgraded shares of WPP from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Deutsche Bank upgraded shares of WPP from a “hold” rating to a “buy” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Shares of NYSE WPP opened at $63.28 on Friday. The company has a market cap of $15.87 billion, a PE ratio of 8.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.96 and a quick ratio of 0.96. Wpp Plc has a 1 year low of $50.31 and a 1 year high of $92.25.
The company also recently declared a semiannual dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 14th will be issued a dividend of $2.4747 per share. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 8.63%. This is an increase from WPP’s previous semiannual dividend of $1.46. WPP’s dividend payout ratio (DPR) is currently 41.61%.
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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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