Morningstar Investment Services LLC Has $8.49 Million Stock Holdings in Wpp Plc (NYSE:WPP)

Morningstar Investment Services LLC trimmed its holdings in shares of Wpp Plc (NYSE:WPP) by 18.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,201 shares of the business services provider’s stock after selling 49,294 shares during the period. Morningstar Investment Services LLC’s holdings in WPP were worth $8,487,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Synovus Financial Corp acquired a new position in shares of WPP during the 1st quarter worth about $29,000. Ellevest Inc. boosted its stake in shares of WPP by 2,294.3% during the 2nd quarter. Ellevest Inc. now owns 838 shares of the business services provider’s stock worth $33,000 after buying an additional 803 shares during the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of WPP by 12.5% during the 1st quarter. Semmax Financial Advisors Inc. now owns 3,052 shares of the business services provider’s stock worth $103,000 after buying an additional 340 shares during the last quarter. Signaturefd LLC boosted its stake in shares of WPP by 22.1% during the 1st quarter. Signaturefd LLC now owns 3,517 shares of the business services provider’s stock worth $119,000 after buying an additional 636 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of WPP during the 4th quarter worth about $253,000. Institutional investors own 4.06% of the company’s stock.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of WPP in a research note on Thursday, April 30th. Kepler Capital Markets upgraded shares of WPP from a “hold” rating to a “buy” rating in a research note on Thursday, April 16th. UBS Group reiterated a “buy” rating on shares of WPP in a research note on Wednesday, July 15th. Zacks Investment Research upgraded shares of WPP from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, ValuEngine upgraded shares of WPP from a “strong sell” rating to a “sell” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $68.00.

WPP stock traded down $0.78 during trading hours on Friday, hitting $37.30. The company had a trading volume of 118,416 shares, compared to its average volume of 206,063. The firm has a market cap of $9.14 billion, a PE ratio of 7.47 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99. Wpp Plc has a one year low of $27.18 and a one year high of $70.80. The firm has a 50-day moving average of $38.77 and a 200 day moving average of $43.74.

About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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