WPP (NYSE:WPP - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Monday.
Separately, Citigroup upgraded shares of WPP to a "strong-buy" rating in a research report on Thursday, August 8th.
Get Our Latest Research Report on WPP
WPP Stock Performance
Shares of NYSE:WPP traded up $0.79 during midday trading on Monday, hitting $53.85. 127,775 shares of the stock were exchanged, compared to its average volume of 161,752. The business's 50-day moving average price is $49.73 and its 200 day moving average price is $49.10. WPP has a 12 month low of $41.91 and a 12 month high of $54.30.
Hedge Funds Weigh In On WPP
A number of hedge funds have recently made changes to their positions in the stock. Mondrian Investment Partners LTD increased its position in WPP by 46.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider's stock valued at $158,791,000 after purchasing an additional 1,062,708 shares during the period. Brandes Investment Partners LP boosted its stake in shares of WPP by 7.0% in the 2nd quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider's stock valued at $30,232,000 after purchasing an additional 42,690 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of WPP by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider's stock worth $14,759,000 after buying an additional 63,363 shares during the period. Envestnet Asset Management Inc. raised its stake in WPP by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider's stock worth $9,115,000 after buying an additional 27,384 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in WPP by 72.0% in the second quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider's stock valued at $9,247,000 after buying an additional 80,102 shares during the period. 4.34% of the stock is currently owned by institutional investors.
WPP Company Profile
(
Get 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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