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

Quantinno Capital Management LP grew its stake in WPP plc (NYSE:WPP - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,443 shares of the business services provider's stock after buying an additional 19,493 shares during the period. Quantinno Capital Management LP's holdings in WPP were worth $2,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. lifted its position in WPP by 1.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 17,402 shares of the business services provider's stock valued at $894,000 after acquiring an additional 207 shares during the last quarter. M&T Bank Corp increased its position in shares of WPP by 1.9% during the fourth quarter. M&T Bank Corp now owns 12,506 shares of the business services provider's stock worth $642,000 after purchasing an additional 228 shares in the last quarter. Stifel Financial Corp boosted its position in shares of WPP by 0.4% in the 4th quarter. Stifel Financial Corp now owns 56,210 shares of the business services provider's stock valued at $2,889,000 after purchasing an additional 247 shares during the period. Jones Financial Companies Lllp grew its stake in WPP by 2.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,231 shares of the business services provider's stock worth $526,000 after buying an additional 249 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in WPP by 5.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,105 shares of the business services provider's stock worth $262,000 after buying an additional 251 shares during the period. 4.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WPP has been the topic of a number of research reports. Wall Street Zen lowered shares of WPP from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays cut shares of WPP from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group started coverage on WPP in a research note on Wednesday, March 26th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

WPP Stock Up 0.4%

Shares of NYSE:WPP traded up $0.14 during trading on Friday, hitting $40.10. 194,060 shares of the company traded hands, compared to its average volume of 216,214. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 7.06 and a beta of 1.04. The business's fifty day moving average is $37.72 and its 200-day moving average is $44.92. WPP plc has a one year low of $31.52 and a one year high of $57.37.

WPP Increases Dividend

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

WPP Company 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.