Todd Asset Management LLC Sells 527 Shares of WPP plc (NYSE:WPP)

Todd Asset Management LLC cut its stake in shares of WPP plc (NYSE:WPP) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,494 shares of the business services provider’s stock after selling 527 shares during the quarter. Todd Asset Management LLC’s holdings in WPP were worth $214,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors L.P. lifted its holdings in WPP by 2.2% during the 4th quarter. Natixis Advisors L.P. now owns 67,720 shares of the business services provider’s stock valued at $3,221,000 after purchasing an additional 1,448 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in WPP by 19.7% during the 4th quarter. First Trust Direct Indexing L.P. now owns 7,551 shares of the business services provider’s stock worth $359,000 after acquiring an additional 1,245 shares during the last quarter. Mission Wealth Management LP increased its holdings in WPP by 13.4% during the 4th quarter. Mission Wealth Management LP now owns 9,270 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 1,098 shares in the last quarter. Intrust Bank NA bought a new position in WPP in the 4th quarter valued at $206,000. Finally, Truist Financial Corp boosted its stake in WPP by 2.2% in the fourth quarter. Truist Financial Corp now owns 13,717 shares of the business services provider’s stock worth $653,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WPP shares. UBS Group lowered shares of WPP from a “buy” rating to a “sell” rating in a report on Thursday, January 11th. StockNews.com raised shares of WPP from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.00.

WPP Stock Up 1.1 %

Shares of WPP traded up $0.55 during trading hours on Friday, hitting $51.07. 136,066 shares of the stock traded hands, compared to its average volume of 330,233. The business has a fifty day moving average of $47.11 and a 200-day moving average of $46.55. WPP plc has a 1-year low of $41.13 and a 1-year high of $57.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98.

WPP Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 7th will be given a dividend of $0.244 per share. The ex-dividend date is Friday, June 7th. This represents a yield of 5.3%.

WPP Company Profile

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.