OLD Mission Capital LLC Boosts Stock Holdings in WPP plc (NYSE:WPP)

OLD Mission Capital LLC boosted its holdings in WPP plc (NYSE:WPP) by 1,612.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,306 shares of the business services provider’s stock after buying an additional 71,851 shares during the period. OLD Mission Capital LLC’s holdings in WPP were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. grew its position in shares of WPP by 1.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 17,402 shares of the business services provider’s stock valued at $894,000 after purchasing an additional 207 shares in the last quarter. M&T Bank Corp boosted its stake in WPP by 1.9% in the 4th quarter. M&T Bank Corp now owns 12,506 shares of the business services provider’s stock worth $642,000 after purchasing an additional 228 shares during the period. Jones Financial Companies Lllp grew its holdings in WPP by 2.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,231 shares of the business services provider’s stock valued at $526,000 after buying an additional 249 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in shares of WPP by 5.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 5,105 shares of the business services provider’s stock valued at $262,000 after buying an additional 251 shares during the period. Finally, HF Advisory Group LLC lifted its holdings in shares of WPP by 3.9% in the fourth quarter. HF Advisory Group LLC now owns 6,928 shares of the business services provider’s stock worth $356,000 after buying an additional 260 shares in the last quarter. Institutional investors own 4.34% of the company’s stock.

WPP Stock Down 4.4 %

NYSE WPP opened at $36.29 on Wednesday. The stock’s 50-day simple moving average is $44.01 and its two-hundred day simple moving average is $48.89. WPP plc has a twelve month low of $34.62 and a twelve month high of $57.37. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 7.06 and a beta of 1.20.

WPP Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 6th will be given a $0.9728 dividend. This is an increase from WPP’s previous semi-annual dividend of $0.95. The ex-dividend date is Friday, June 6th. This represents a yield of 6.2%. WPP’s payout ratio is presently 8.04%.

Analyst Upgrades and Downgrades

WPP has been the subject of several research analyst reports. Barclays lowered WPP from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 28th. Kepler Capital Markets upgraded WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group began coverage on shares of WPP in a research report on Wednesday, March 26th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.