WPP plc (LON:WPP) Insider Joanne Wilson Sells 3,744 Shares

Posted by on May 17th, 2023

WPP plc (LON:WPP – Get Rating) insider Joanne Wilson sold 3,744 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of GBX 894 ($11.20), for a total value of £33,471.36 ($41,928.30).

WPP Stock Down 1.0 %

LON:WPP opened at GBX 884.40 ($11.08) on Wednesday. The firm has a market capitalization of £9.46 billion, a price-to-earnings ratio of 1,449.84, a price-to-earnings-growth ratio of 3.17 and a beta of 1.21. WPP plc has a twelve month low of GBX 713 ($8.93) and a twelve month high of GBX 1,082 ($13.55). The stock’s 50 day moving average price is GBX 935.20 and its two-hundred day moving average price is GBX 912.98. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 172.61.

WPP Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 8th will be given a dividend of GBX 24.40 ($0.31) per share. This is a positive change from WPP’s previous dividend of $15.00. The ex-dividend date of this dividend is Thursday, June 8th. This represents a dividend yield of 2.4%. WPP’s payout ratio is 6,393.44%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WPP shares. JPMorgan Chase & Co. lifted their price objective on WPP from GBX 1,240 ($15.53) to GBX 1,260 ($15.78) in a report on Friday, April 28th. The Goldman Sachs Group upgraded WPP to a “buy” rating and lifted their price objective for the stock from GBX 920 ($11.52) to GBX 1,158 ($14.51) in a research report on Thursday, January 19th. Shore Capital reiterated a “buy” rating on shares of WPP in a research report on Thursday, April 27th. Deutsche Bank Aktiengesellschaft raised their target price on WPP from GBX 1,170 ($14.66) to GBX 1,230 ($15.41) in a report on Wednesday, May 3rd. Finally, Barclays lifted their price objective on WPP from GBX 1,200 ($15.03) to GBX 1,250 ($15.66) and gave the company an “overweight” rating in a report on Friday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,175.33 ($14.72).

WPP Company Profile

(Get Rating)

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.

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