Shares of WPP plc (LON:WPP – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 603 ($7.80) and last traded at GBX 604.80 ($7.83), with a volume of 9014023 shares. The stock had previously closed at GBX 611.60 ($7.92).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. reduced their price target on shares of WPP from GBX 1,040 ($13.46) to GBX 960 ($12.43) and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.
View Our Latest Stock Analysis on WPP
WPP Stock Performance
WPP (LON:WPP – Get Free Report) last released its quarterly 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%. Equities research analysts anticipate that WPP plc will post 81.6125654 EPS for the current year.
WPP Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be given a GBX 24.40 ($0.32) dividend. This is a boost from WPP’s previous dividend of $15.00. This represents a yield of 3.91%. The ex-dividend date is Thursday, June 5th. WPP’s dividend payout ratio is 206.02%.
Insider Transactions at WPP
In other WPP news, insider Andrew Scott sold 50,492 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 634 ($8.21), for a total transaction of £320,119.28 ($414,340.25). Also, insider Joanne Wilson sold 23,371 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 640 ($8.28), for a total transaction of £149,574.40 ($193,598.76). 0.22% of the stock is owned by company insiders.
About WPP
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.
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