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

StockNews.com cut shares of WPP (NYSE:WPP) from a buy rating to a hold rating in a report released on Monday.

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

WPP Price Performance

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

Institutional Trading of WPP

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake 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 acquiring an additional 202 shares during the period. Oppenheimer Asset Management Inc. lifted its position in WPP by 0.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 35,068 shares of the business services provider’s stock valued at $1,794,000 after purchasing an additional 303 shares during the period. Mezzasalma Advisors LLC boosted its holdings in WPP by 7.3% in the third quarter. Mezzasalma Advisors LLC now owns 5,291 shares of the business services provider’s stock worth $271,000 after purchasing an additional 358 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in WPP by 8.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock worth $215,000 after purchasing an additional 364 shares during the period. Finally, Signaturefd LLC raised its stake in WPP by 4.2% during the 2nd quarter. Signaturefd LLC now owns 9,504 shares of the business services provider’s stock valued at $435,000 after buying an additional 380 shares during the last quarter. 4.34% of the stock is currently owned by hedge funds and other 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.