Mezzasalma Advisors LLC Increases Stock Position in WPP plc (NYSE:WPP)

Mezzasalma Advisors LLC increased its holdings in shares of WPP plc (NYSE:WPP) by 7.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,291 shares of the business services provider’s stock after purchasing an additional 358 shares during the period. Mezzasalma Advisors LLC’s holdings in WPP were worth $271,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its position in WPP by 21.3% during the 3rd quarter. Creative Planning now owns 29,629 shares of the business services provider’s stock valued at $1,516,000 after acquiring an additional 5,198 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in WPP by 4.7% during the third quarter. Gilman Hill Asset Management LLC now owns 79,347 shares of the business services provider’s stock valued at $4,059,000 after purchasing an additional 3,531 shares in the last quarter. GAMMA Investing LLC grew its stake in WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 202 shares during the last quarter. Sanctuary Advisors LLC bought a new position in WPP in the second quarter worth about $201,000. Finally, Brandes Investment Partners LP lifted its position in shares of WPP by 7.0% during the second quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock valued at $30,232,000 after buying an additional 42,690 shares during the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

WPP Trading Up 1.0 %

NYSE:WPP opened at $50.77 on Thursday. WPP plc has a 12 month low of $41.13 and a 12 month high of $54.21. The firm has a fifty day simple moving average of $48.53 and a 200-day simple moving average of $48.80.

WPP Increases Dividend

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

WPP Company 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.