Jones Financial Companies Lllp Increases Stock Holdings in WPP plc (NYSE:WPP)

Jones Financial Companies Lllp increased its holdings in WPP plc (NYSE:WPP) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,231 shares of the business services provider’s stock after buying an additional 249 shares during the period. Jones Financial Companies Lllp’s holdings in WPP were worth $526,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in WPP by 453.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider’s stock worth $61,000 after acquiring an additional 966 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of WPP by 92.4% during the 4th quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock worth $64,000 after purchasing an additional 599 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of WPP during the 3rd quarter worth approximately $84,000. QRG Capital Management Inc. purchased a new stake in WPP in the 4th quarter valued at approximately $202,000. Finally, Apollon Wealth Management LLC acquired a new stake in WPP during the 3rd quarter valued at $203,000. 4.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WPP shares. Barclays downgraded WPP from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 28th. StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Finally, Kepler Capital Markets raised shares of WPP from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

WPP Stock Down 1.0 %

Shares of NYSE:WPP opened at $41.21 on Tuesday. The business has a fifty day simple moving average of $46.29 and a 200-day simple moving average of $49.82. WPP plc has a 52 week low of $38.90 and a 52 week high of $57.37. The company has a market cap of $8.89 billion, a P/E ratio of 6.90, a P/E/G ratio of 7.06 and a beta of 1.20.

WPP Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 6th will be given a dividend of $0.9728 per share. This is a positive change 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 dividend payout ratio is 8.04%.

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.