Mondrian Investment Partners LTD Has $136.07 Million Stake in WPP plc (NYSE:WPP)

Mondrian Investment Partners LTD trimmed its holdings in WPP plc (NYSE:WPP) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,865,925 shares of the business services provider’s stock after selling 7,002 shares during the period. WPP accounts for about 2.4% of Mondrian Investment Partners LTD’s portfolio, making the stock its 13th biggest holding. Mondrian Investment Partners LTD’s holdings in WPP were worth $136,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC lifted its position in shares of WPP by 41.4% in the fourth quarter. HighTower Advisors LLC now owns 27,798 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 8,140 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of WPP in the fourth quarter valued at approximately $194,000. Ceera Investments LLC lifted its position in shares of WPP by 30.0% in the fourth quarter. Ceera Investments LLC now owns 16,060 shares of the business services provider’s stock valued at $825,000 after buying an additional 3,705 shares during the last quarter. Callan Family Office LLC acquired a new stake in WPP during the 4th quarter worth approximately $569,000. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in WPP by 1.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 17,402 shares of the business services provider’s stock worth $894,000 after purchasing an additional 207 shares during the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com cut WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Barclays cut WPP from an “overweight” rating to an “equal weight” rating in a report on Friday, February 28th. Finally, Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

WPP Trading Down 0.7 %

NYSE:WPP opened at $40.55 on Friday. The stock has a market cap of $8.75 billion, a P/E ratio of 6.79, a PEG ratio of 7.06 and a beta of 1.20. The stock has a 50 day simple moving average of $45.66 and a 200 day simple moving average of $49.65. WPP plc has a 1-year low of $38.90 and a 1-year high of $57.37.

WPP Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 6th will be issued a $0.9728 dividend. The ex-dividend date is Friday, June 6th. This is a boost from WPP’s previous semi-annual dividend of $0.95. This represents a yield of 6.2%. WPP’s payout ratio is currently 8.04%.

About WPP

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.