FMR LLC trimmed its stake in WPP plc (NYSE:WPP - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,287,240 shares of the business services provider's stock after selling 78,051 shares during the period. FMR LLC owned about 0.57% of WPP worth $65,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of WPP by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 648 shares of the business services provider's stock worth $33,000 after purchasing an additional 202 shares during the period. Blue Trust Inc. lifted its position in WPP by 767.1% during the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider's stock valued at $35,000 after acquiring an additional 652 shares during the last quarter. Rothschild Investment LLC purchased a new stake in WPP during the second quarter valued at approximately $80,000. Allspring Global Investments Holdings LLC lifted its position in WPP by 239.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider's stock valued at $126,000 after acquiring an additional 1,943 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in WPP during the second quarter valued at approximately $201,000. 4.34% of the stock is owned by hedge funds and other institutional investors.
WPP Trading Up 1.0 %
NYSE:WPP traded up $0.55 during midday trading on Friday, reaching $55.15. 124,950 shares of the stock traded hands, compared to its average volume of 163,833. WPP plc has a 12-month low of $43.02 and a 12-month high of $55.74. The business has a 50-day moving average of $52.46 and a two-hundred day moving average of $49.66.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of WPP from a "buy" rating to a "hold" rating in a research report on Monday, November 18th.
View Our Latest Research Report on WPP
WPP 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.
Further Reading
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