Bard Financial Services Inc. Lowers Stock Position in WPP plc (NYSE:WPP)

Bard Financial Services Inc. lowered its holdings in WPP plc (NYSE:WPP) by 51.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,805 shares of the business services provider’s stock after selling 42,350 shares during the quarter. Bard Financial Services Inc.’s holdings in WPP were worth $2,036,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of WPP during the first quarter valued at $39,000. Voisard Asset Management Group Inc. purchased a new stake in shares of WPP during the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC lifted 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 worth $66,000 after acquiring an additional 505 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in WPP in the 2nd quarter worth about $80,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Price Performance

NYSE WPP traded up $0.74 during trading on Friday, reaching $51.46. 82,137 shares of the company’s stock were exchanged, compared to its average volume of 164,880. WPP plc has a fifty-two week low of $41.13 and a fifty-two week high of $54.21. The business has a 50 day moving average price of $47.94 and a 200-day moving average price of $48.57.

WPP Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be issued a dividend of $0.954 per share. 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 dividend yield of 5.7%.

Wall Street Analysts Forecast Growth

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

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.