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 Monday.

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

WPP Trading Up 1.7 %

WPP opened at $55.34 on Monday. WPP has a 12 month low of $42.49 and a 12 month high of $55.63. The business’s 50-day moving average price is $50.68 and its 200-day moving average price is $49.38.

Hedge Funds Weigh In On WPP

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of WPP by 45.3% during the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 202 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 purchasing an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of WPP in the 1st quarter worth about $39,000. EverSource Wealth Advisors LLC boosted its stake in shares of WPP by 62.0% during the 1st 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 in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of WPP during the second quarter valued at about $80,000. 4.34% of the stock is owned by institutional investors.

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.