Cetera Trust Company N.A Takes $148,000 Position in WPP plc (NYSE:WPP)

Cetera Trust Company N.A acquired a new stake in WPP plc (NYSE:WPP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,115 shares of the business services provider’s stock, valued at approximately $148,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its position in WPP by 10.3% during the 4th quarter. Signaturefd LLC now owns 9,451 shares of the business services provider’s stock worth $450,000 after acquiring an additional 881 shares in the last quarter. Center for Financial Planning Inc. lifted its position in WPP by 8.3% during the 4th quarter. Center for Financial Planning Inc. now owns 6,666 shares of the business services provider’s stock worth $317,000 after acquiring an additional 513 shares in the last quarter. Cerity Partners LLC lifted its position in WPP by 46.2% during the 4th quarter. Cerity Partners LLC now owns 7,763 shares of the business services provider’s stock worth $369,000 after acquiring an additional 2,453 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in WPP during the 4th quarter worth approximately $1,150,000. Finally, International Assets Investment Management LLC acquired a new position in WPP during the 4th quarter worth approximately $1,279,000. 4.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

WPP Price Performance

Shares of WPP opened at $49.13 on Tuesday. The business’s 50 day moving average is $46.69 and its two-hundred day moving average is $46.22. WPP plc has a 52-week low of $41.13 and a 52-week high of $60.05. The company has a quick ratio of 0.86, a current 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 $0.244 dividend. This represents a dividend yield of 5.3%. The ex-dividend date is Friday, June 7th.

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.