WPP plc (NYSE:WPP) Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lifted its position in shares of WPP plc (NYSE:WPP) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,291 shares of the business services provider’s stock after acquiring an additional 358 shares during the quarter. Mezzasalma Advisors LLC’s holdings in WPP were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WPP. Virtu Financial LLC purchased a new position in WPP during the fourth quarter worth approximately $338,000. Goldman Sachs Group Inc. lifted its position in shares of WPP by 40.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,155,648 shares of the business services provider’s stock valued at $54,974,000 after buying an additional 332,914 shares in the last quarter. Fisher Asset Management LLC grew its stake in WPP by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 22,961 shares of the business services provider’s stock valued at $1,092,000 after acquiring an additional 3,561 shares during the period. Ballentine Partners LLC increased its holdings in WPP by 32.0% in the 1st quarter. Ballentine Partners LLC now owns 6,108 shares of the business services provider’s stock worth $290,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in WPP by 188.2% during the first quarter. Gilman Hill Asset Management LLC now owns 72,351 shares of the business services provider’s stock worth $3,429,000 after acquiring an additional 47,249 shares during the period. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Price Performance

NYSE WPP opened at $50.77 on Thursday. The business has a fifty day moving average price of $48.53 and a 200 day moving average price of $48.80. WPP plc has a one year low of $41.13 and a one year high of $54.21.

WPP Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.954 per share. This is a positive change from WPP’s previous Semi-Annual dividend of $0.24. The ex-dividend date is Friday, October 11th. This represents a dividend yield of 5.7%.

Wall Street Analyst Weigh In

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

WPP 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.