Vanguard Personalized Indexing Management LLC Has $674,000 Stake in WPP plc (NYSE:WPP)

Vanguard Personalized Indexing Management LLC lifted its stake in WPP plc (NYSE:WPP) by 18.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,729 shares of the business services provider’s stock after purchasing an additional 2,329 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in WPP were worth $674,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mondrian Investment Partners LTD increased its stake in shares of WPP by 46.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider’s stock valued at $158,791,000 after buying an additional 1,062,708 shares during the period. Goldman Sachs Group Inc. increased its position in WPP by 40.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,648 shares of the business services provider’s stock worth $54,974,000 after purchasing an additional 332,914 shares during the period. Dimensional Fund Advisors LP raised its holdings in WPP by 24.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock worth $14,759,000 after purchasing an additional 63,363 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in WPP by 15.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock valued at $9,115,000 after purchasing an additional 27,384 shares during the period. Finally, Capital International Investors grew its position in shares of WPP by 4.9% during the 1st quarter. Capital International Investors now owns 125,589 shares of the business services provider’s stock worth $5,953,000 after buying an additional 5,902 shares during the period. Institutional investors own 4.34% of the company’s stock.

WPP Stock Down 1.6 %

Shares of NYSE:WPP opened at $50.51 on Thursday. The firm’s 50 day simple moving average is $47.41 and its 200 day simple moving average is $48.28. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.09. WPP plc has a fifty-two week low of $41.13 and a fifty-two week high of $54.21.

WPP Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be given a dividend of $0.954 per share. This represents a dividend 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.

Analyst Ratings Changes

WPP has been the topic of several analyst reports. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a report on Sunday, September 8th. Citigroup upgraded WPP to a “strong-buy” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

WPP 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.