Hotchkis & Wiley Capital Management LLC increased its stake in WPP plc (NYSE:WPP - Free Report) by 47.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,356,064 shares of the business services provider's stock after buying an additional 1,734,750 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.36% of WPP worth $274,016,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of WPP. Price T Rowe Associates Inc. MD increased its position in shares of WPP by 26.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 120,564 shares of the business services provider's stock valued at $5,715,000 after acquiring an additional 24,899 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of WPP by 62.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider's stock worth $66,000 after acquiring an additional 505 shares during the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of WPP by 4.8% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 75,816 shares of the business services provider's stock valued at $3,471,000 after buying an additional 3,465 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider's stock valued at $35,000 after buying an additional 652 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in WPP by 8.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider's stock valued at $215,000 after acquiring an additional 364 shares during the last quarter. 4.34% of the stock is owned by institutional investors.
WPP Price Performance
Shares of NYSE WPP traded up $0.14 during mid-day trading on Tuesday, reaching $54.96. The company's stock had a trading volume of 197,297 shares, compared to its average volume of 161,205. The stock has a 50-day moving average of $52.24 and a two-hundred day moving average of $49.58. WPP plc has a 1-year low of $43.02 and a 1-year high of $55.74.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Citigroup upgraded shares of WPP to a "strong-buy" rating in a report on Thursday, August 8th. StockNews.com lowered shares of WPP from a "buy" rating to a "hold" rating in a research note on Monday, November 18th.
View Our Latest Stock Analysis 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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