WPP (NYSE:WPP – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Separately, Citigroup raised shares of WPP to a “strong-buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.00.
WPP Stock Performance
Institutional Investors Weigh In On WPP
Several large investors have recently added to or reduced their stakes in WPP. Blue Trust Inc. grew its stake in shares of WPP by 767.1% in the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock worth $35,000 after acquiring an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in WPP during the 1st quarter worth $39,000. Voisard Asset Management Group Inc. purchased a new stake in WPP during the 4th quarter worth about $45,000. EverSource Wealth Advisors LLC raised its position in WPP by 62.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 505 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in WPP during the 2nd quarter worth approximately $80,000. 4.34% of the stock is owned by hedge funds and other institutional investors.
About WPP
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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