WPP plc (NYSE:WPP) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of WPP plc (NYSE:WPP) by 24.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 321,973 shares of the business services provider’s stock after purchasing an additional 63,363 shares during the period. Dimensional Fund Advisors LP’s holdings in WPP were worth $14,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WPP. Mondrian Investment Partners LTD raised its position in WPP by 46.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider’s stock valued at $158,791,000 after purchasing an additional 1,062,708 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of WPP by 40.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,648 shares of the business services provider’s stock worth $54,974,000 after buying an additional 332,914 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of WPP by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock worth $9,115,000 after buying an additional 27,384 shares during the period. Capital International Investors grew its holdings in shares of WPP by 4.9% during the first quarter. Capital International Investors now owns 125,589 shares of the business services provider’s stock worth $5,953,000 after buying an additional 5,902 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in WPP by 26.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 120,564 shares of the business services provider’s stock valued at $5,715,000 after acquiring an additional 24,899 shares during the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Stock Up 1.5 %

Shares of WPP opened at $51.46 on Friday. The stock’s 50 day moving average is $47.94 and its two-hundred day moving average is $48.60. WPP plc has a twelve month low of $41.13 and a twelve month high of $54.21.

WPP Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com upgraded WPP from a “hold” rating to a “buy” rating in a research note on Sunday, September 8th. Citigroup upgraded shares of WPP to a “strong-buy” rating in a research 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.