Sequoia Financial Advisors LLC Acquires New Holdings in WPP plc (NYSE:WPP)

Sequoia Financial Advisors LLC bought a new stake in shares of WPP plc (NYSE:WPP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 24,166 shares of the business services provider's stock, valued at approximately $1,150,000.

Several other institutional investors have also made changes to their positions in WPP. Pacer Advisors Inc. acquired a new position in WPP in the fourth quarter valued at about $7,486,000. Optiver Holding B.V. boosted its position in WPP by 732.7% in the third quarter. Optiver Holding B.V. now owns 119,986 shares of the business services provider's stock valued at $5,349,000 after buying an additional 105,577 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in WPP in the third quarter valued at about $2,866,000. FMR LLC lifted its position in shares of WPP by 7.1% during the third quarter. FMR LLC now owns 972,751 shares of the business services provider's stock worth $43,365,000 after purchasing an additional 64,087 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of WPP during the second quarter worth approximately $2,955,000. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Price Performance

Shares of WPP traded down $0.90 on Friday, reaching $47.49. 673,651 shares of the company's stock were exchanged, compared to its average volume of 179,799. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $46.85 and a two-hundred day moving average price of $46.04. WPP plc has a 12 month low of $41.13 and a 12 month high of $60.37.

WPP Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 7th will be paid a $0.244 dividend. This represents a yield of 5.3%. The ex-dividend date of this dividend is Friday, June 7th.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WPP. UBS Group lowered shares of WPP from a "buy" rating to a "sell" rating in a research report on Thursday, January 11th. StockNews.com upgraded shares of WPP from a "hold" rating to a "buy" rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, WPP has an average rating of "Hold" and an average target price of $46.00.

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.