WPP (LON:WPP) Hits New 12-Month Low – What’s Next?

WPP plc (LON:WPP)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 508 ($6.49) and last traded at GBX 510.80 ($6.53), with a volume of 8320889 shares trading hands. The stock had previously closed at GBX 544.40 ($6.96).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of WPP from GBX 1,040 ($13.29) to GBX 960 ($12.27) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Stock Up 8.2 %

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 company has a market cap of £5.79 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a 50 day moving average of GBX 660.45 and a 200-day moving average of GBX 755.45.

WPP (LON:WPP) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.64) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. On average, equities analysts predict that WPP plc will post 81.6125654 earnings per share for the current year.

WPP Increases Dividend

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

Insider Activity

In related news, insider Joanne Wilson sold 23,371 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 640 ($8.18), for a total value of £149,574.40 ($191,124.97). Also, insider Andrew Scott sold 50,492 shares of WPP stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 634 ($8.10), for a total transaction of £320,119.28 ($409,045.85). Insiders own 0.22% of the company’s stock.

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.