8,844 Shares in WPP plc (NYSE:WPP) Acquired by Team Hewins LLC

Team Hewins LLC bought a new stake in WPP plc (NYSE:WPP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,844 shares of the business services provider’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of WPP in the fourth quarter valued at approximately $49,000. Bruce G. Allen Investments LLC purchased a new position in WPP in the 4th quarter valued at approximately $111,000. Cetera Trust Company N.A acquired a new position in shares of WPP in the fourth quarter worth $148,000. Fifth Third Bancorp increased its position in shares of WPP by 70.3% during the fourth quarter. Fifth Third Bancorp now owns 3,286 shares of the business services provider’s stock worth $156,000 after acquiring an additional 1,357 shares during the period. Finally, Intrust Bank NA acquired a new stake in shares of WPP in the fourth quarter valued at $206,000. Hedge funds and other institutional investors own 4.34% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut WPP from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

WPP Trading Up 1.4 %

Shares of NYSE:WPP traded up $0.75 during trading hours on Friday, reaching $52.55. The stock had a trading volume of 51,565 shares, compared to its average volume of 117,889. WPP plc has a 1 year low of $41.13 and a 1 year high of $57.30. The firm’s 50 day moving average is $49.32 and its 200-day moving average is $47.56. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98.

WPP Company 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.