WPP (NYSE:WPP) Sees Large Volume Increase – Should You Buy?

WPP plc (NYSE:WPP) saw unusually-strong trading volume on Friday . Approximately 87,851 shares traded hands during trading, a decline of 46% from the previous session’s volume of 161,545 shares.The stock last traded at $53.52 and had previously closed at $53.38.

Analyst Ratings Changes

A number of research analysts have weighed in on WPP shares. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Sunday, September 8th. Citigroup upgraded WPP to a “strong-buy” rating in a research report on Thursday, August 8th.

WPP Trading Down 0.6 %

The company’s fifty day simple moving average is $49.58 and its 200-day simple moving average is $49.04.

WPP Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WPP. GAMMA Investing LLC grew its holdings in shares of WPP by 45.3% during the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after buying an additional 202 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 purchased a new position in WPP in the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its holdings in shares of WPP by 62.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock worth $66,000 after purchasing an additional 505 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of WPP in the second quarter valued at approximately $80,000. 4.34% of the stock is owned by institutional investors and hedge funds.

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.