Mondrian Investment Partners LTD Has $72.78 Million Stock Position in Wpp Plc $WPP

Mondrian Investment Partners LTD lifted its stake in Wpp Plc (NYSE:WPP) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,240,219 shares of the business services provider’s stock after acquiring an additional 48,714 shares during the quarter. Mondrian Investment Partners LTD owned approximately 1.50% of WPP worth $72,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of WPP in the third quarter valued at about $28,000. GAMMA Investing LLC increased its position in shares of WPP by 185.0% in the fourth quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 814 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of WPP by 105.8% in the second quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 717 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of WPP by 323.9% in the third quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of WPP by 1,279.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,689 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WPP. Barclays raised WPP from an “underweight” rating to an “equal weight” rating in a research report on Friday, February 27th. Citigroup reissued a “neutral” rating on shares of WPP in a research report on Thursday, April 30th. Finally, Wall Street Zen raised WPP from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, WPP presently has an average rating of “Hold”.

WPP Trading Up 0.9%

Shares of NYSE:WPP opened at $18.75 on Friday. Wpp Plc has a 12-month low of $14.81 and a 12-month high of $40.71. The business has a 50 day moving average of $17.03 and a 200-day moving average of $19.03. 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 Dividend Announcement

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

WPP Company 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.