Quantinno Capital Management LP Purchases 19,493 Shares of WPP plc (NYSE:WPP)

Quantinno Capital Management LP increased its position in shares of WPP plc (NYSE:WPP - Free Report) by 55.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,443 shares of the business services provider's stock after acquiring an additional 19,493 shares during the period. Quantinno Capital Management LP's holdings in WPP were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WPP. Assetmark Inc. increased its holdings in WPP by 52,800.0% during the 4th quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock worth $27,000 after acquiring an additional 528 shares during the period. Smartleaf Asset Management LLC increased its holdings in WPP by 453.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider's stock worth $61,000 after acquiring an additional 966 shares during the period. Russell Investments Group Ltd. increased its holdings in WPP by 57.0% during 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 period. NewEdge Advisors LLC increased its holdings in shares of WPP by 160.7% in the 4th quarter. NewEdge Advisors LLC now owns 3,368 shares of the business services provider's stock worth $173,000 after buying an additional 2,076 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of WPP in the 4th quarter worth $194,000. Institutional investors own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

WPP has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of WPP in a report on Wednesday, March 26th. They issued a "neutral" rating on the stock. StockNews.com lowered shares of WPP from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Barclays lowered shares of WPP from an "overweight" rating to an "equal weight" rating in a report on Friday, February 28th. Finally, Kepler Capital Markets raised shares of WPP from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, WPP currently has a consensus rating of "Moderate Buy".

WPP Stock Performance

Shares of WPP stock opened at $40.29 on Tuesday. WPP plc has a 52-week low of $31.52 and a 52-week high of $57.37. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. The company has a fifty day moving average of $37.74 and a 200-day moving average of $45.33.

WPP Increases Dividend

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

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.

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