WPP plc (NYSE:WPP) Stock Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of WPP plc (NYSE:WPP) by 22.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,658 shares of the business services provider’s stock after buying an additional 3,615 shares during the quarter. HighTower Advisors LLC’s holdings in WPP were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in WPP during the third quarter valued at about $1,479,000. Envestnet Asset Management Inc. boosted its position in shares of WPP by 15.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock valued at $9,115,000 after purchasing an additional 27,384 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of WPP by 9.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,765 shares of the business services provider’s stock worth $1,592,000 after purchasing an additional 2,862 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of WPP by 72.0% in the 2nd quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after purchasing an additional 80,102 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its stake in WPP by 7.0% during the second quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock valued at $30,232,000 after purchasing an additional 42,690 shares during the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Stock Down 2.4 %

NYSE:WPP opened at $54.24 on Wednesday. The stock has a fifty day simple moving average of $53.18 and a 200 day simple moving average of $49.81. 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. WPP plc has a 1-year low of $43.02 and a 1-year high of $57.37.

Analyst Upgrades and Downgrades

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

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.