MQS Management LLC purchased a new stake in WPP plc (NYSE:WPP – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,591 shares of the business services provider’s stock, valued at approximately $286,000.
Several other hedge funds and other institutional investors also recently modified their holdings of WPP. GAMMA Investing LLC raised its position in WPP by 45.3% during the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 202 shares in the last quarter. Mezzasalma Advisors LLC raised its holdings in WPP by 7.3% during the 3rd quarter. Mezzasalma Advisors LLC now owns 5,291 shares of the business services provider’s stock valued at $271,000 after buying an additional 358 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in WPP by 8.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock valued at $215,000 after buying an additional 364 shares during the period. Signaturefd LLC grew its holdings in WPP by 4.2% in the 2nd quarter. Signaturefd LLC now owns 9,504 shares of the business services provider’s stock worth $435,000 after acquiring an additional 380 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of WPP by 62.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock worth $66,000 after purchasing an additional 505 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have commented on WPP. Citigroup raised WPP to a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th.
WPP Trading Up 1.3 %
Shares of NYSE WPP opened at $52.86 on Friday. The company’s 50-day moving average is $51.34 and its 200 day moving average is $49.52. WPP plc has a 1 year low of $43.02 and a 1 year high of $55.74.
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.
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