WPP (NYSE:WPP) Sees Strong Trading Volume

Shares of WPP plc (NYSE:WPP) saw strong trading volume on Wednesday . 119,591 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 163,328 shares.The stock last traded at $51.34 and had previously closed at $51.77.

Wall Street Analysts Forecast Growth

WPP has been the topic of a number of analyst reports. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Sunday, September 8th. Citigroup upgraded shares of WPP to a “strong-buy” rating in a report on Thursday, August 8th.

WPP Trading Down 1.0 %

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a fifty day moving average of $47.74 and a 200-day moving average of $48.49. The company has a market cap of $11.64 billion, a PE ratio of 8.64, a PEG ratio of 7.35 and a beta of 1.29.

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 given a $0.954 dividend. This represents a yield of 5.7%. This is a boost from WPP’s previous Semi-Annual dividend of $0.24. The ex-dividend date is Friday, October 11th. WPP’s payout ratio is 51.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of WPP by 767.1% in the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock worth $35,000 after buying an additional 652 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in WPP during the 1st quarter valued at about $39,000. Voisard Asset Management Group Inc. purchased a new position in WPP during the 4th quarter valued at about $45,000. EverSource Wealth Advisors LLC raised its holdings in shares of WPP by 62.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 505 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of WPP in the 2nd quarter worth approximately $80,000. Institutional investors own 4.34% of the company’s stock.

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.