WPP plc (NYSE:WPP) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its position in shares of WPP plc (NYSE:WPP) by 3.0% during the third quarter, HoldingsChannel reports. The fund owned 12,278 shares of the business services provider’s stock after selling 374 shares during the quarter. M&T Bank Corp’s holdings in WPP were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WPP. Blue Trust Inc. increased its position in WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock worth $35,000 after purchasing an additional 652 shares during the period. Aaron Wealth Advisors LLC grew its holdings in WPP by 8.4% during the second quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock worth $215,000 after acquiring an additional 364 shares during the period. Bank of New York Mellon Corp raised its position in WPP by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 18,089 shares of the business services provider’s stock worth $828,000 after acquiring an additional 2,286 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in WPP by 239.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 1,943 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of WPP by 8.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,176 shares of the business services provider’s stock worth $878,000 after purchasing an additional 1,420 shares in the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Price Performance

Shares of NYSE:WPP opened at $54.24 on Wednesday. WPP plc has a 12 month low of $43.02 and a 12 month high of $57.37. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 8.03 and a beta of 1.27. The business’s 50 day simple moving average is $53.18 and its 200-day simple moving average is $49.81.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th.

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.