Andrew Scott Sells 50,492 Shares of WPP plc (LON:WPP) Stock

WPP plc (LON:WPP) insider Andrew Scott sold 50,492 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of GBX 634 ($8.22), for a total value of £320,119.28 ($415,092.43).

WPP Stock Performance

WPP opened at GBX 630.18 ($8.17) on Friday. The company has a market cap of £6.79 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The stock has a 50-day moving average of GBX 717.35 and a 200-day moving average of GBX 774.97. WPP plc has a 52-week low of GBX 604.20 ($7.83) and a 52-week high of GBX 903 ($11.71). The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89.

WPP (LON:WPP) last announced its earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.65) earnings per share for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. As a group, equities research analysts forecast that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

WPP Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be paid a dividend of GBX 24.40 ($0.32) per share. This is an increase from WPP’s previous dividend of $15.00. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 3.91%. WPP’s dividend payout ratio is presently 206.02%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on WPP from GBX 1,040 ($13.49) to GBX 960 ($12.45) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Company Profile

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.