Raymond James & Associates Sells 6,266 Shares of WPP plc (NYSE:WPP)

Raymond James & Associates reduced its holdings in WPP plc (NYSE:WPP) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,153 shares of the business services provider’s stock after selling 6,266 shares during the quarter. Raymond James & Associates owned about 0.08% of WPP worth $9,063,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 202 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of WPP during the first quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its stake in WPP by 62.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock worth $66,000 after buying an additional 505 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in WPP in the second quarter worth about $80,000. 4.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WPP has been the subject of several research reports. StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup upgraded shares of WPP to a “strong-buy” rating in a report on Thursday, August 8th.

WPP Trading Up 0.9 %

WPP stock opened at $54.33 on Wednesday. The firm has a 50 day moving average price of $49.90 and a 200-day moving average price of $49.14. WPP plc has a 52-week low of $41.91 and a 52-week high of $54.45.

WPP Increases Dividend

The business 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 boost from WPP’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Friday, October 11th. This represents a yield of 5.7%.

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.