Mission Wealth Management LP Buys 1,098 Shares of WPP plc (NYSE:WPP)

Mission Wealth Management LP increased its position in shares of WPP plc (NYSE:WPP) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,270 shares of the business services provider’s stock after purchasing an additional 1,098 shares during the quarter. Mission Wealth Management LP’s holdings in WPP were worth $441,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of WPP by 7.1% in the 3rd quarter. FMR LLC now owns 972,751 shares of the business services provider’s stock valued at $43,365,000 after purchasing an additional 64,087 shares during the last quarter. Brandes Investment Partners LP raised its stake in WPP by 1.8% during the third quarter. Brandes Investment Partners LP now owns 383,698 shares of the business services provider’s stock worth $17,105,000 after acquiring an additional 6,837 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of WPP in the fourth quarter worth about $7,486,000. Envestnet Asset Management Inc. boosted its stake in shares of WPP by 27.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 132,379 shares of the business services provider’s stock valued at $5,901,000 after purchasing an additional 28,439 shares in the last quarter. Finally, Optiver Holding B.V. grew its stake in shares of WPP by 732.7% during the third quarter. Optiver Holding B.V. now owns 119,986 shares of the business services provider’s stock worth $5,349,000 after buying an additional 105,577 shares during the last quarter. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Stock Up 1.1 %

Shares of WPP opened at $51.07 on Friday. The business has a 50-day moving average of $47.02 and a 200-day moving average of $46.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86. WPP plc has a 1 year low of $41.13 and a 1 year high of $57.30.

WPP Cuts Dividend

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

Analysts Set New Price Targets

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

About WPP

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.