Intrust Bank NA Invests $206,000 in WPP plc (NYSE:WPP)

Intrust Bank NA acquired a new stake in shares of WPP plc (NYSE:WPP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,326 shares of the business services provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WPP. Pacer Advisors Inc. purchased a new stake in shares of WPP during the 4th quarter valued at $7,486,000. Optiver Holding B.V. raised its position in WPP by 732.7% during the third quarter. Optiver Holding B.V. now owns 119,986 shares of the business services provider’s stock valued at $5,349,000 after purchasing an additional 105,577 shares in the last quarter. FMR LLC lifted its stake in WPP by 7.1% during the third quarter. FMR LLC now owns 972,751 shares of the business services provider’s stock worth $43,365,000 after purchasing an additional 64,087 shares during the last quarter. Meritage Portfolio Management boosted its holdings in shares of WPP by 210.3% in the 4th quarter. Meritage Portfolio Management now owns 59,399 shares of the business services provider’s stock worth $2,826,000 after purchasing an additional 40,254 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of WPP by 27.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 132,379 shares of the business services provider’s stock valued at $5,901,000 after purchasing an additional 28,439 shares during the last quarter. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

WPP Stock Up 0.6 %

Shares of NYSE:WPP opened at $50.52 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $47.02 and a 200-day moving average price of $46.50. WPP plc has a 12 month low of $41.13 and a 12 month high of $57.30.

WPP Cuts Dividend

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

Analyst Ratings Changes

WPP has been the subject of several research reports. StockNews.com raised WPP from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. UBS Group lowered shares of WPP from a “buy” rating to a “sell” rating in a report on Thursday, January 11th. One research 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’s stock. Based on data from MarketBeat.com, WPP has a consensus rating of “Hold” and an average price target of $46.00.

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.