WPP plc (NYSE:WPP) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lessened its holdings in shares of WPP plc (NYSE:WPP - Free Report) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,140 shares of the business services provider's stock after selling 5,570 shares during the period. Meritage Portfolio Management's holdings in WPP were worth $4,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC boosted its holdings in WPP by 47.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider's stock worth $274,016,000 after buying an additional 1,734,750 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of WPP during the 3rd quarter valued at approximately $35,757,000. International Assets Investment Management LLC purchased a new stake in shares of WPP during the 3rd quarter worth approximately $1,479,000. Stifel Financial Corp raised its holdings in WPP by 67.6% during the third quarter. Stifel Financial Corp now owns 55,963 shares of the business services provider's stock worth $2,863,000 after purchasing an additional 22,578 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of WPP by 102.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 38,791 shares of the business services provider's stock worth $1,984,000 after buying an additional 19,615 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com cut WPP from a "buy" rating to a "hold" rating in a research report on Monday, November 18th. Kepler Capital Markets raised shares of WPP from a "hold" rating to a "buy" rating in a report on Friday, January 24th.

WPP Price Performance

WPP stock traded down $0.12 during midday trading on Friday, hitting $48.66. 128,359 shares of the company's stock were exchanged, compared to its average volume of 207,280. The firm has a 50 day moving average price of $49.92 and a 200-day moving average price of $49.87. WPP plc has a 12-month low of $43.02 and a 12-month high of $57.37.

WPP Profile

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.