Signaturefd LLC Sells 237 Shares of WPP plc (NYSE:WPP)

Posted by on Apr 15th, 2023

Signaturefd LLC decreased its holdings in WPP plc (NYSE:WPP – Get Rating) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,687 shares of the business services provider’s stock after selling 237 shares during the period. Signaturefd LLC’s holdings in WPP were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC raised its stake in WPP by 137.2% in the third quarter. FNY Investment Advisers LLC now owns 4,000 shares of the business services provider’s stock worth $164,000 after buying an additional 2,314 shares in the last quarter. AMG National Trust Bank raised its stake in WPP by 39.9% in the third quarter. AMG National Trust Bank now owns 36,218 shares of the business services provider’s stock worth $1,492,000 after buying an additional 10,326 shares in the last quarter. Bard Financial Services Inc. raised its stake in WPP by 4.0% in the fourth quarter. Bard Financial Services Inc. now owns 81,610 shares of the business services provider’s stock worth $4,012,000 after buying an additional 3,155 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in WPP in the third quarter worth $561,000. Finally, MML Investors Services LLC grew its holdings in WPP by 4.8% in the third quarter. MML Investors Services LLC now owns 11,185 shares of the business services provider’s stock worth $461,000 after purchasing an additional 508 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

WPP has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of WPP from GBX 770 ($9.54) to GBX 760 ($9.41) in a report on Tuesday, January 31st. The Goldman Sachs Group raised shares of WPP from a “neutral” rating to a “buy” rating in a report on Wednesday, January 18th. Credit Suisse Group raised shares of WPP from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 22nd. Finally, Barclays raised shares of WPP from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, WPP currently has a consensus rating of “Moderate Buy” and an average target price of $1,001.29.

WPP Price Performance

Shares of WPP opened at $59.28 on Friday. The firm has a market capitalization of $12.70 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. WPP plc has a 1-year low of $39.67 and a 1-year high of $67.69. The company’s fifty day moving average price is $59.66 and its 200-day moving average price is $53.37.

WPP Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 9th will be issued a dividend of $1.4657 per share. The ex-dividend date of this dividend is Thursday, June 8th. This is a positive change from WPP’s previous semi-annual dividend of $0.91. This represents a dividend yield of 3.7%. WPP’s payout ratio is 43.73%.

WPP Profile

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WPP Plc is a creative transformation company, which engages in the provision of communications services. It operates through the following segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. The Global Integrated Agencies segment offers creative services including advertising, marketing, and brand strategies and campaigns across all media.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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