GAMMA Investing LLC Buys 202 Shares of WPP plc (NYSE:WPP)

GAMMA Investing LLC grew its stake in shares of WPP plc (NYSE:WPP) by 45.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 648 shares of the business services provider’s stock after acquiring an additional 202 shares during the period. GAMMA Investing LLC’s holdings in WPP were worth $33,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Mondrian Investment Partners LTD grew its holdings in WPP by 46.5% during the first quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider’s stock valued at $158,791,000 after purchasing an additional 1,062,708 shares during the period. Bank of Montreal Can lifted its position in shares of WPP by 72.0% during the 2nd quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock valued at $9,247,000 after buying an additional 80,102 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of WPP by 24.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock worth $14,759,000 after acquiring an additional 63,363 shares during the period. Gilman Hill Asset Management LLC increased its holdings in WPP by 188.2% in the 1st quarter. Gilman Hill Asset Management LLC now owns 72,351 shares of the business services provider’s stock worth $3,429,000 after acquiring an additional 47,249 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in WPP by 7.0% in the 2nd quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock valued at $30,232,000 after acquiring an additional 42,690 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WPP shares. Citigroup upgraded shares of WPP to a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a research note on Sunday, September 8th.

WPP Stock Performance

Shares of NYSE WPP opened at $51.26 on Friday. WPP plc has a fifty-two week low of $41.13 and a fifty-two week high of $54.21. The stock has a market cap of $11.64 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 6.99 and a beta of 1.29. The stock has a fifty day moving average of $48.84 and a 200-day moving average of $48.84.

WPP Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.954 per share. This represents a yield of 5.7%. The ex-dividend date is Friday, October 11th. This is a positive change from WPP’s previous Semi-Annual dividend of $0.24. WPP’s payout ratio is presently 32.26%.

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.