Wpp Plc $WPP Shares Bought by M&T Bank Corp

M&T Bank Corp raised its position in Wpp Plc (NYSE:WPP) by 344.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,491 shares of the business services provider’s stock after acquiring 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 filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WPP. Mondrian Investment Partners LTD bought a new position in WPP in the 3rd quarter worth about $79,947,000. Tower Research Capital LLC TRC grew its position in WPP by 63.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 44,950 shares of the business services provider’s stock worth $1,574,000 after purchasing an additional 17,444 shares during the last quarter. Corient Private Wealth LLC bought a new position in WPP in the 2nd quarter worth about $204,000. Vident Advisory LLC grew its position in WPP by 26.9% in the 2nd quarter. Vident Advisory LLC now owns 7,859 shares of the business services provider’s stock worth $275,000 after purchasing an additional 1,665 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in WPP in the 2nd quarter worth about $714,000. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Price Performance

WPP stock opened at $18.10 on Friday. The firm has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $19.53. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.48. Wpp Plc has a 12-month low of $14.81 and a 12-month high of $40.94.

WPP Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About WPP

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.