WPP plc (NYSE:WPP) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its stake in WPP plc (NYSE:WPP) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,360 shares of the business services provider’s stock after selling 288 shares during the period. Wilmington Savings Fund Society FSB’s holdings in WPP were worth $70,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WPP. Hotchkis & Wiley Capital Management LLC raised its holdings in WPP by 47.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider’s stock valued at $274,016,000 after buying an additional 1,734,750 shares during the period. The Manufacturers Life Insurance Company purchased a new position in WPP in the third quarter valued at approximately $35,757,000. Meritage Portfolio Management raised its holdings in WPP by 72.8% in the third quarter. Meritage Portfolio Management now owns 94,710 shares of the business services provider’s stock valued at $4,845,000 after buying an additional 39,894 shares during the period. International Assets Investment Management LLC purchased a new position in WPP in the third quarter valued at approximately $1,479,000. Finally, Stifel Financial Corp raised its holdings in WPP by 67.6% in the third quarter. Stifel Financial Corp now owns 55,963 shares of the business services provider’s stock valued at $2,863,000 after buying an additional 22,578 shares during the period. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Trading Up 0.9 %

WPP opened at $48.87 on Friday. The firm’s 50 day moving average is $49.55 and its 200-day moving average is $49.89. WPP plc has a 52-week low of $43.02 and a 52-week high of $57.37.

Analyst Upgrades and Downgrades

WPP has been the topic of a number of analyst reports. StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Kepler Capital Markets upgraded shares of WPP from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

WPP 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.