Wpp Plc $WPP Stake Lifted by M&T Bank Corp

M&T Bank Corp raised its holdings in shares of Wpp Plc (NYSE:WPP) by 344.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,491 shares of the business services provider’s stock after buying an additional 40,693 shares during the period. M&T Bank Corp’s holdings in WPP were worth $1,179,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in WPP by 38.9% during the third quarter. Allworth Financial LP now owns 1,852 shares of the business services provider’s stock worth $46,000 after buying an additional 519 shares in the last quarter. Blue Trust Inc. boosted its holdings in WPP by 30.3% during the third quarter. Blue Trust Inc. now owns 2,592 shares of the business services provider’s stock worth $65,000 after buying an additional 602 shares in the last quarter. Cetera Investment Advisers boosted its holdings in WPP by 9.2% during the second quarter. Cetera Investment Advisers now owns 7,766 shares of the business services provider’s stock worth $272,000 after buying an additional 654 shares in the last quarter. Rothschild Investment LLC boosted its holdings in WPP by 47.7% during the third quarter. Rothschild Investment LLC now owns 2,038 shares of the business services provider’s stock worth $51,000 after buying an additional 658 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in WPP by 105.8% during the second quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock worth $49,000 after buying an additional 717 shares in the last quarter. 4.34% of the stock is currently owned by institutional investors.

WPP Stock Performance

Shares of NYSE:WPP opened at $18.10 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.89 and a current ratio of 0.89. Wpp Plc has a 52 week low of $14.81 and a 52 week high of $40.94. The firm has a 50 day simple moving average of $16.93 and a 200 day simple moving average of $19.53.

WPP Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, July 6th. Investors of record on Friday, June 5th will be given a $0.5079 dividend. This represents a dividend yield of 616.0%. The ex-dividend date is Friday, June 5th.

Wall Street Analyst Weigh In

WPP has been the subject of a number of research reports. Barclays upgraded shares of WPP from an “underweight” rating to an “equal weight” rating in a report on Friday, February 27th. Citigroup restated a “neutral” rating on shares of WPP in a report on Thursday. Wall Street Zen upgraded shares of WPP from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of WPP in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WPP has a consensus rating of “Hold”.

WPP Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.