GAMMA Investing LLC Buys 202 Shares of WPP plc (NYSE:WPP)

GAMMA Investing LLC boosted its stake in WPP plc (NYSE:WPPFree Report) by 45.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 648 shares of the business services provider’s stock after purchasing an additional 202 shares during the quarter. GAMMA Investing LLC’s holdings in WPP were worth $33,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC grew its stake in shares of WPP by 8.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock valued at $215,000 after buying an additional 364 shares during the period. Signaturefd LLC grew its stake in WPP by 4.2% in the second quarter. Signaturefd LLC now owns 9,504 shares of the business services provider’s stock valued at $435,000 after acquiring an additional 380 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of WPP by 62.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 505 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in WPP by 5.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 9,796 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 537 shares during the period. Finally, Balanced Rock Investment Advisors LLC increased its stake in WPP by 5.0% during the 1st quarter. Balanced Rock Investment Advisors LLC now owns 12,176 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 583 shares in the last quarter. 4.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on WPP

WPP Trading Down 0.1 %

NYSE WPP opened at $51.26 on Friday. The business has a fifty day simple moving average of $48.84 and a 200 day simple moving average of $48.84. WPP plc has a 12 month low of $41.13 and a 12 month high of $54.21. The firm has a market capitalization of $11.64 billion, a P/E ratio of 8.66, a PEG ratio of 6.99 and a beta of 1.29.

WPP Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be issued a $0.954 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a dividend yield of 5.7%. This is an increase from WPP’s previous Semi-Annual dividend of $0.24. WPP’s dividend payout ratio is currently 32.26%.

WPP Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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