WPP plc (NYSE:WPP) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lowered its stake in shares of WPP plc (NYSE:WPP) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,011 shares of the business services provider’s stock after selling 1,333 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in WPP were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in 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 acquiring an additional 64,087 shares during the period. Brandes Investment Partners LP boosted its stake in WPP by 1.8% in the third quarter. Brandes Investment Partners LP now owns 383,698 shares of the business services provider’s stock worth $17,105,000 after purchasing an additional 6,837 shares in the last quarter. Pacer Advisors Inc. acquired a new position in WPP in the fourth quarter worth $7,486,000. Envestnet Asset Management Inc. boosted its stake in WPP by 27.4% in the third quarter. Envestnet Asset Management Inc. now owns 132,379 shares of the business services provider’s stock worth $5,901,000 after purchasing an additional 28,439 shares in the last quarter. Finally, Optiver Holding B.V. boosted its stake 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 worth $5,349,000 after purchasing an additional 105,577 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Trading Up 0.0 %

Shares of WPP stock traded up $0.01 during trading hours on Monday, reaching $51.08. 5,376 shares of the company’s stock were exchanged, compared to its average volume of 171,898. 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 company has a 50 day moving average of $47.11 and a two-hundred day moving average of $46.59. WPP plc has a fifty-two week low of $41.13 and a fifty-two week high of $57.30.

WPP Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WPP shares. StockNews.com raised WPP from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. UBS Group lowered WPP from a “buy” rating to a “sell” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.