Aquatic Capital Management LLC Has $641,000 Holdings in WPP plc (NYSE:WPP)

Aquatic Capital Management LLC grew its holdings in WPP plc (NYSE:WPP - Free Report) by 144.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,462 shares of the business services provider's stock after acquiring an additional 7,362 shares during the period. Aquatic Capital Management LLC's holdings in WPP were worth $641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. boosted its stake in WPP by 52,800.0% during the 4th quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock valued at $27,000 after acquiring an additional 528 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in WPP by 453.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider's stock worth $61,000 after purchasing an additional 966 shares during the period. GAMMA Investing LLC boosted its stake in WPP by 92.4% during the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider's stock valued at $64,000 after purchasing an additional 599 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of WPP during the 3rd quarter valued at about $84,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of WPP by 57.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider's stock worth $111,000 after acquiring an additional 787 shares during the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Stock Up 2.3 %

NYSE:WPP traded up $0.88 during mid-day trading on Friday, reaching $39.16. 288,481 shares of the company were exchanged, compared to its average volume of 203,935. The company has a fifty day moving average of $38.11 and a 200 day moving average of $46.36. WPP plc has a 12 month low of $31.52 and a 12 month high of $57.37. The stock has a market cap of $8.45 billion, a PE ratio of 6.56, a PEG ratio of 7.06 and a beta of 1.06.

WPP Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 6th will be issued a $0.9728 dividend. This represents a yield of 6.2%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from WPP's previous semi-annual dividend of $0.95. WPP's dividend payout ratio is currently 8.04%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WPP. Barclays downgraded shares of WPP from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 28th. Kepler Capital Markets raised WPP from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group initiated coverage on shares of WPP in a research note on Wednesday, March 26th. They issued a "neutral" rating on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, WPP presently has a consensus rating of "Moderate Buy".

WPP Profile

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.