Natixis Advisors LLC Reduces Stake in WPP plc (NYSE:WPP)

Natixis Advisors LLC cut its stake in shares of WPP plc (NYSE:WPP) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,938 shares of the business services provider’s stock after selling 1,694 shares during the period. Natixis Advisors LLC’s holdings in WPP were worth $3,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised 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 buying an additional 202 shares during the period. Blue Trust Inc. increased its position 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 acquiring an additional 652 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of WPP by 62.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 505 shares during the period. Rothschild Investment LLC bought a new stake in shares of WPP in the 2nd quarter worth about $80,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of WPP by 239.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider’s stock worth $126,000 after purchasing an additional 1,943 shares during the period. 4.34% of the stock is owned by institutional investors.

WPP Price Performance

Shares of WPP opened at $52.37 on Friday. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 7.40 and a beta of 1.28. WPP plc has a 1-year low of $43.02 and a 1-year high of $55.74. The company has a 50-day moving average of $51.80 and a 200 day moving average of $49.56.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup raised shares of WPP to a “strong-buy” rating in a research note on Thursday, August 8th. 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.