Mork Capital Management LLC Takes $987,000 Position in WPP plc (NYSE:WPP)

Mork Capital Management LLC bought a new position in WPP plc (NYSE:WPP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 19,200 shares of the business services provider's stock, valued at approximately $987,000.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of WPP by 52,800.0% in the 4th quarter. Assetmark Inc. now owns 529 shares of the business services provider's stock worth $27,000 after buying an additional 528 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of WPP by 453.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider's stock worth $61,000 after buying an additional 966 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WPP by 92.4% in the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider's stock worth $64,000 after buying an additional 599 shares during the last quarter. Russell Investments Group Ltd. grew 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 valued at $111,000 after purchasing an additional 787 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in WPP by 160.7% during the 4th quarter. NewEdge Advisors LLC now owns 3,368 shares of the business services provider's stock valued at $173,000 after purchasing an additional 2,076 shares during the last quarter. 4.34% of the stock is currently owned by institutional investors.

WPP Price Performance

WPP stock traded down $0.29 during mid-day trading on Friday, reaching $39.79. The company had a trading volume of 333,873 shares, compared to its average volume of 210,142. The company has a market capitalization of $8.59 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. The firm has a 50 day moving average of $37.75 and a 200 day moving average of $45.47. WPP plc has a 12 month low of $31.52 and a 12 month high of $57.37.

WPP Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WPP shares. StockNews.com downgraded shares of WPP from a "buy" rating to a "hold" rating in a report on Thursday. Kepler Capital Markets upgraded shares of WPP from a "hold" rating to a "buy" rating in a report on Friday, January 24th. Barclays downgraded shares of WPP from an "overweight" rating to an "equal weight" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group assumed coverage on shares of WPP in a research report on Wednesday, March 26th. They issued a "neutral" rating for the company. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, WPP 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.