WPP plc (NYSE:WPP) Short Interest Update

WPP plc (NYSE:WPPGet Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 212,100 shares, a decline of 35.5% from the April 15th total of 329,000 shares. Based on an average daily trading volume, of 184,400 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the shares of the company are short sold.

WPP Price Performance

Shares of NYSE:WPP opened at $52.94 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average price is $47.78 and its two-hundred day moving average price is $46.95. WPP has a fifty-two week low of $41.13 and a fifty-two week high of $57.30.

WPP Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 7th will be issued a $0.244 dividend. This represents a dividend yield of 5.3%. The ex-dividend date is Friday, June 7th.

Hedge Funds Weigh In On WPP

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of WPP during the first quarter worth approximately $39,000. Voisard Asset Management Group Inc. bought a new stake in WPP during the 4th quarter worth approximately $45,000. CVA Family Office LLC acquired a new stake in WPP during the 4th quarter valued at $49,000. Bruce G. Allen Investments LLC bought a new position in WPP in the 4th quarter valued at $111,000. Finally, Cetera Trust Company N.A acquired a new position in WPP in the fourth quarter worth $148,000. 4.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of WPP from a “hold” rating to a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.00.

Read Our Latest Analysis on WPP

WPP Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.