Bard Financial Services Inc. lessened its holdings in WPP plc (NYSE:WPP - Free Report) by 36.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,305 shares of the business services provider's stock after selling 19,450 shares during the period. Bard Financial Services Inc.'s holdings in WPP were worth $1,763,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 acquiring an additional 202 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of WPP in the 3rd quarter valued at $84,000. Allspring Global Investments Holdings LLC raised its holdings in shares of WPP by 239.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider's stock valued at $126,000 after purchasing an additional 1,943 shares in the last quarter. Blue Trust Inc. lifted its position in shares of WPP by 378.4% during the 3rd quarter. Blue Trust Inc. now owns 3,526 shares of the business services provider's stock worth $180,000 after purchasing an additional 2,789 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of WPP during the third quarter worth $203,000. Institutional investors and hedge funds own 4.34% of the company's stock.
WPP Stock Performance
WPP stock traded down $1.33 during midday trading on Monday, reaching $49.07. 294,711 shares of the company were exchanged, compared to its average volume of 178,770. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 8.03 and a beta of 1.27. WPP plc has a 1-year low of $43.02 and a 1-year high of $57.37. The stock's 50-day simple moving average is $53.31 and its 200 day simple moving average is $50.07.
Analyst Ratings Changes
Separately, StockNews.com downgraded WPP from a "buy" rating to a "hold" rating in a report on Monday, November 18th.
Read Our Latest Research Report on WPP
WPP Company Profile
(
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.
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