484 Shares in WPP plc (NYSE:WPP) Acquired by Cwm LLC

Cwm LLC acquired a new position in WPP plc (NYSE:WPPGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 484 shares of the business services provider’s stock, valued at approximately $37,000.

A number of other hedge funds also recently bought and sold shares of WPP. Liberty Wealth Management LLC bought a new position in WPP in the 3rd quarter worth approximately $41,000. JFS Wealth Advisors LLC raised its position in WPP by 50.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 692 shares of the business services provider’s stock worth $46,000 after purchasing an additional 231 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of WPP by 100.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 320 shares during the last quarter. Bessemer Group Inc. raised its position in shares of WPP by 226.9% during the 4th quarter. Bessemer Group Inc. now owns 1,311 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 910 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of WPP by 10.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,595 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 4.07% of the company’s stock.

Shares of NYSE WPP opened at $64.56 on Friday. WPP plc has a 1-year low of $58.82 and a 1-year high of $83.69. The company has a fifty day moving average price of $68.36 and a 200 day moving average price of $72.14.

The business also recently announced a semi-annual dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 10th will be paid a $1.2505 dividend. The ex-dividend date is Thursday, June 9th. This is a positive change from WPP’s previous semi-annual dividend of $0.87. This represents a yield of 3%.

Several analysts have commented on WPP shares. The Goldman Sachs Group cut shares of WPP from a “buy” rating to a “neutral” rating in a research report on Sunday, April 10th. Barclays cut shares of WPP from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 14th. JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 1,320 ($17.17) to GBX 1,270 ($16.52) in a research report on Friday, March 18th. Bank of America cut shares of WPP from a “neutral” rating to an “underperform” rating and set a $75.00 price objective for the company. in a research report on Thursday, January 27th. Finally, Zacks Investment Research cut shares of WPP from a “buy” rating to a “hold” rating in a research report on Wednesday, March 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, WPP currently has a consensus rating of “Hold” and a consensus target price of $764.00.

WPP Profile (Get Rating)

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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