WPP (NYSE:WPP) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of WPP (NYSE:WPP) from a hold rating to a buy rating in a research note published on Monday morning.

Separately, Citigroup upgraded shares of WPP to a strong-buy rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, WPP presently has a consensus rating of Hold and a consensus price target of $46.00.

WPP Stock Performance

Shares of WPP stock opened at $47.77 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.86 and a current ratio of 0.89. WPP has a 52-week low of $41.13 and a 52-week high of $54.21. The company’s 50 day moving average price is $46.70 and its 200-day moving average price is $47.97.

WPP Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a $0.954 dividend. The ex-dividend date is Friday, October 11th. This is a boost from WPP’s previous Semi-Annual dividend of $0.24. This represents a yield of 5.7%.

Institutional Trading of WPP

Several institutional investors and hedge funds have recently bought and sold shares of WPP. Truist Financial Corp grew its position in shares of WPP by 2.2% in the fourth quarter. Truist Financial Corp now owns 13,717 shares of the business services provider’s stock valued at $653,000 after purchasing an additional 292 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of WPP by 8.4% in the second quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 364 shares during the period. Signaturefd LLC increased its position in WPP by 4.2% during the second quarter. Signaturefd LLC now owns 9,504 shares of the business services provider’s stock worth $435,000 after purchasing an additional 380 shares during the last quarter. Quadrant Capital Group LLC raised its stake in WPP by 8.6% during the fourth quarter. Quadrant Capital Group LLC now owns 5,443 shares of the business services provider’s stock worth $259,000 after purchasing an additional 431 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in 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 during the last quarter. 4.34% of the stock is currently owned by institutional investors and hedge funds.

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.