WPP (LON:WPP) Hits New 52-Week Low – Here’s What Happened

WPP plc (LON:WPP) reached a new 52-week low on Thursday . The company traded as low as GBX 603 ($7.76) and last traded at GBX 604.80 ($7.79), with a volume of 9014023 shares. The stock had previously closed at GBX 611.60 ($7.87).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on shares of WPP from GBX 1,040 ($13.39) to GBX 960 ($12.36) and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

WPP Stock Performance

The firm has a market capitalization of £6.51 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50-day moving average price of GBX 708.71 and a 200-day moving average price of GBX 772.25.

WPP (LON:WPP) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 50.30 ($0.65) earnings per share (EPS) for the quarter. WPP had a return on equity of 5.92% and a net margin of 1.37%. On average, research analysts expect that WPP plc will post 81.6125654 EPS for the current fiscal year.

WPP Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be paid a dividend of GBX 24.40 ($0.31) per share. This represents a yield of 3.91%. This is an increase from WPP’s previous dividend of $15.00. The ex-dividend date of this dividend is Thursday, June 5th. WPP’s dividend payout ratio is 206.02%.

Insiders Place Their Bets

In other news, insider Andrew Scott sold 50,492 shares of WPP stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of GBX 634 ($8.16), for a total value of £320,119.28 ($412,153.06). Also, insider Joanne Wilson sold 23,371 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 640 ($8.24), for a total value of £149,574.40 ($192,576.80). 0.22% of the stock is owned by company insiders.

WPP Company Profile

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.