Wpp Plc (NYSE:WPP) Receives Average Rating of “Hold” from Analysts

Wpp Plc (NYSE:WPP) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company.

A number of brokerages have recently issued reports on WPP. Wall Street Zen upgraded WPP from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup began coverage on shares of WPP in a research report on Monday, January 12th. They set a “neutral” rating on the stock. Barclays upgraded shares of WPP from an “underweight” rating to an “equal weight” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of WPP in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of WPP from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of WPP by 185.0% in the fourth quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock worth $28,000 after buying an additional 814 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in WPP in the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its position in WPP by 323.9% in the third quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,111 shares in the last quarter. Global Retirement Partners LLC grew its position in WPP by 1,279.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,689 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of WPP by 184.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,889 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 1,225 shares during the period. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Stock Performance

Shares of NYSE:WPP opened at $15.81 on Tuesday. The business has a 50-day moving average of $19.40 and a two-hundred day moving average of $21.48. WPP has a 12 month low of $15.57 and a 12 month high of $41.01.

About WPP

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.