WPP (NYSE:WPP) Sees Large Volume Increase

Shares of WPP plc (NYSE:WPP) saw an uptick in trading volume on Wednesday . 119,591 shares were traded during trading, a decline of 27% from the previous session’s volume of 163,328 shares.The stock last traded at $51.34 and had previously closed at $51.77.

Analyst Ratings Changes

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

WPP Price Performance

The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.09. The firm has a market cap of $11.64 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 7.35 and a beta of 1.29. The stock has a 50 day moving average price of $47.74 and a two-hundred day moving average price of $48.49.

WPP Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.954 per share. The ex-dividend date of this dividend is Friday, October 11th. This is a positive change from WPP’s previous Semi-Annual dividend of $0.24. This represents a dividend yield of 5.7%. WPP’s payout ratio is 51.93%.

Hedge Funds Weigh In On WPP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of WPP by 767.1% in the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 652 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in WPP during the first quarter valued at $39,000. Voisard Asset Management Group Inc. acquired a new position in WPP during the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC boosted its holdings in WPP by 62.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 505 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in WPP during the 2nd quarter worth about $80,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

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.