WPP plc (NYSE:WPP) Short Interest Update

by · The Cerbat Gem

WPP plc (NYSE:WPP – Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 181,800 shares, a drop of 36.2% from the September 15th total of 285,100 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 171,500 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WPP. GAMMA Investing LLC lifted its position in shares of WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after buying an additional 202 shares during the last quarter. Blue Trust Inc. grew its holdings in WPP by 767.1% during the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 652 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of WPP in the first quarter worth $39,000. Voisard Asset Management Group Inc. bought a new stake in shares of WPP during the 4th quarter worth $45,000. Finally, EverSource Wealth Advisors LLC grew its stake in WPP by 62.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after buying an additional 505 shares during the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Price Performance

Shares of NYSE WPP traded down $0.06 during mid-day trading on Monday, reaching $49.32. The company had a trading volume of 61,883 shares, compared to its average volume of 163,268. The stock has a fifty day moving average of $48.24 and a two-hundred day moving average of $48.76. WPP has a 12-month low of $41.13 and a 12-month high of $54.21.

WPP Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be given a $0.954 dividend. This is an increase from WPP’s previous Semi-Annual dividend of $0.24. The ex-dividend date is Friday, October 11th. This represents a yield of 5.7%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WPP shares. StockNews.com upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Sunday, September 8th. Citigroup raised WPP to a “strong-buy” rating in a research report on Thursday, August 8th.

Read Our Latest Stock Analysis on WPP

WPP Company Profile

(Get Free Report)

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.

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