WPP plc (NYSE:WPP - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 330,510 shares were traded during mid-day trading, an increase of 119% from the previous session's volume of 150,828 shares.The stock last traded at $47.75 and had previously closed at $47.49.
Analyst Ratings Changes
WPP has been the subject of several analyst reports. StockNews.com raised WPP from a "hold" rating to a "buy" rating in a report on Friday, March 1st. UBS Group lowered WPP from a "buy" rating to a "sell" rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.00.
Read Our Latest Analysis on WPP
WPP Stock Down 0.2 %
The firm has a 50 day moving average price of $46.85 and a 200-day moving average price of $46.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86.
WPP Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 7th will be given a $0.244 dividend. The ex-dividend date is Friday, June 7th. This represents a dividend yield of 5.3%.
Institutional Trading of WPP
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of WPP by 187.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 617 shares of the business services provider's stock worth $25,000 after acquiring an additional 402 shares during the period. CWM LLC raised its holdings in shares of WPP by 48.2% in the 3rd quarter. CWM LLC now owns 864 shares of the business services provider's stock worth $39,000 after buying an additional 281 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of WPP by 166.8% in the 1st quarter. Advisory Services Network LLC now owns 675 shares of the business services provider's stock worth $40,000 after buying an additional 422 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of WPP by 54.0% in the 3rd quarter. UMB Bank n.a. now owns 973 shares of the business services provider's stock worth $43,000 after buying an additional 341 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of WPP in the 4th quarter worth approximately $45,000. Institutional investors own 4.34% of the company's stock.
WPP Company Profile
(
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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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