Mondrian Investment Partners LTD Buys 48,714 Shares of Wpp Plc $WPP

Mondrian Investment Partners LTD lifted its stake in Wpp Plc (NYSE:WPP) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,240,219 shares of the business services provider’s stock after buying an additional 48,714 shares during the period. Mondrian Investment Partners LTD’s holdings in WPP were worth $72,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of WPP by 344.9% in the fourth quarter. M&T Bank Corp now owns 52,491 shares of the business services provider’s stock valued at $1,179,000 after buying an additional 40,693 shares during the period. ABC Arbitrage SA bought a new stake in shares of WPP in the fourth quarter valued at approximately $5,199,000. K.J. Harrison & Partners Inc bought a new stake in shares of WPP in the fourth quarter valued at approximately $1,123,000. Assetmark Inc. boosted its stake in shares of WPP by 106.0% in the fourth quarter. Assetmark Inc. now owns 9,907 shares of the business services provider’s stock valued at $223,000 after buying an additional 5,098 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of WPP by 44.2% in the fourth quarter. Signaturefd LLC now owns 10,047 shares of the business services provider’s stock valued at $226,000 after buying an additional 3,081 shares during the period. 4.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WPP shares. Barclays upgraded WPP from an “underweight” rating to an “equal weight” rating in a research note on Friday, February 27th. Citigroup reiterated a “neutral” rating on shares of WPP in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded WPP from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

WPP Stock Up 0.9%

Shares of NYSE:WPP opened at $18.75 on Friday. The company has a fifty day moving average of $17.03 and a 200-day moving average of $19.03. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.48. Wpp Plc has a 52-week low of $14.81 and a 52-week high of $40.71.

WPP Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, July 6th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.5079 per share. The ex-dividend date is Friday, June 5th. This represents a dividend yield of 616.0%.

WPP Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.