WPP (NYSE:WPP) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of WPP (NYSE:WPP) from a buy rating to a hold rating in a report issued on Sunday morning.

Separately, Citigroup raised shares of WPP to a “strong-buy” rating in a research report on Thursday, August 8th.

WPP Stock Performance

Shares of WPP opened at $52.75 on Friday. The company has a 50-day moving average of $51.11 and a two-hundred day moving average of $49.49. WPP has a 12-month low of $42.49 and a 12-month high of $55.74.

Institutional Investors Weigh In On WPP

A number of large investors have recently modified their holdings of WPP. GAMMA Investing LLC grew its holdings in WPP by 45.3% during the 3rd 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. Blue Trust Inc. grew its position in shares of WPP by 767.1% in the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock worth $35,000 after acquiring an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of WPP in the 1st quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its holdings in WPP by 62.0% in 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. Finally, Rothschild Investment LLC bought a new stake in WPP during the second quarter valued at $80,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

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.