Signaturefd LLC Grows Stock Position in WPP plc (NYSE:WPP)

Signaturefd LLC increased its holdings in WPP plc (NYSE:WPP) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,451 shares of the business services provider’s stock after buying an additional 881 shares during the period. Signaturefd LLC’s holdings in WPP were worth $450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WPP. CWM LLC boosted its position in shares of WPP by 48.2% in the 3rd quarter. CWM LLC now owns 864 shares of the business services provider’s stock worth $39,000 after buying an additional 281 shares in the last quarter. UMB Bank n.a. lifted its holdings in WPP by 54.0% in the 3rd quarter. UMB Bank n.a. now owns 973 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 341 shares in the last quarter. Ballentine Partners LLC lifted its holdings in WPP by 7.1% in the 3rd quarter. Ballentine Partners LLC now owns 5,027 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 334 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in WPP by 4.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 36,741 shares of the business services provider’s stock valued at $1,638,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in WPP by 6.1% in the 3rd quarter. Hanson & Doremus Investment Management now owns 65,213 shares of the business services provider’s stock valued at $2,907,000 after purchasing an additional 3,762 shares in the last quarter. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WPP has been the topic of a number of recent research reports. UBS Group lowered shares of WPP from a “buy” rating to a “sell” rating in a report on Thursday, January 11th. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, WPP has an average rating of “Hold” and a consensus target price of $46.00.

WPP Price Performance

Shares of WPP stock opened at $50.24 on Thursday. WPP plc has a 1-year low of $41.13 and a 1-year high of $59.70. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm’s 50-day simple moving average is $46.77 and its 200-day simple moving average is $46.28.

WPP Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.244 per share. The ex-dividend date is Friday, June 7th. This represents a dividend yield of 5.3%.

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.