US Bancorp DE lowered its position in WPP plc (NYSE:WPP – Free Report) by 6.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,415 shares of the business services provider’s stock after selling 1,285 shares during the period. US Bancorp DE’s holdings in WPP were worth $942,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after buying an additional 202 shares during the last quarter. Blue Trust Inc. grew its holdings in WPP by 767.1% during the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 652 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in WPP during the first quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its holdings in WPP by 62.0% during the first 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 during the last quarter. Finally, Rothschild Investment LLC acquired a new position in WPP during the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 4.34% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on the company. StockNews.com downgraded WPP from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Citigroup upgraded WPP to a “strong-buy” rating in a report on Thursday, August 8th.
WPP Stock Performance
Shares of WPP stock opened at $54.55 on Friday. The company’s fifty day simple moving average is $50.98 and its 200-day simple moving average is $49.47. WPP plc has a 1 year low of $42.49 and a 1 year high of $55.74.
WPP 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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