Kepler Capital Markets upgraded shares of WPP (NYSE:WPP - Free Report) from a hold rating to a buy rating in a research report released on Friday morning, MarketBeat Ratings reports.
Separately, StockNews.com downgraded WPP from a "buy" rating to a "hold" rating in a research report on Monday, November 18th.
Check Out Our Latest Research Report on WPP
WPP Stock Performance
WPP stock traded up $1.26 during midday trading on Friday, hitting $45.92. The company had a trading volume of 165,623 shares, compared to its average volume of 253,380. WPP has a 52 week low of $43.02 and a 52 week high of $57.37. The stock's 50 day moving average price is $51.03 and its 200 day moving average price is $49.87.
Hedge Funds Weigh In On WPP
Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of WPP during the third quarter valued at approximately $1,479,000. Sanctuary Advisors LLC raised its holdings in shares of WPP by 45.7% during the third quarter. Sanctuary Advisors LLC now owns 6,397 shares of the business services provider's stock valued at $335,000 after acquiring an additional 2,007 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of WPP by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider's stock valued at $9,115,000 after acquiring an additional 27,384 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of WPP by 92.4% during the fourth quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider's stock valued at $64,000 after acquiring an additional 599 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in WPP by 22.5% in the third quarter. HighTower Advisors LLC now owns 19,658 shares of the business services provider's stock worth $1,001,000 after purchasing an additional 3,615 shares in the last quarter. Institutional investors own 4.34% of the company's stock.
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
Before you consider WPP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WPP wasn't on the list.
While WPP currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
