Investors Research Corp Sells 1,325 Shares of WPP plc (NYSE:WPP)

Investors Research Corp trimmed its position in shares of WPP plc (NYSE:WPP) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,197 shares of the business services provider’s stock after selling 1,325 shares during the period. Investors Research Corp’s holdings in WPP were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in WPP by 187.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 617 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 402 shares during the last quarter. CWM LLC grew its position in WPP by 48.2% in the 3rd quarter. CWM LLC now owns 864 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 281 shares during the last quarter. Advisory Services Network LLC grew its position in WPP by 166.8% in the 1st quarter. Advisory Services Network LLC now owns 675 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 422 shares during the last quarter. UMB Bank n.a. grew its position in WPP by 54.0% in the 3rd quarter. UMB Bank n.a. now owns 973 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 341 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in WPP in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 4.34% of the company’s stock.

WPP Stock Down 0.2 %

Shares of WPP stock opened at $47.38 on Tuesday. The stock has a 50 day moving average of $46.83 and a 200 day moving average of $46.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. WPP plc has a twelve month low of $41.13 and a twelve month high of $60.37.

WPP Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group downgraded WPP from a “buy” rating to a “sell” rating in a research report on Thursday, January 11th. StockNews.com raised 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 given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.00.

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.