WPP (NYSE:WPP) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

WPP (NYSE:WPP – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also weighed in on the company. Zacks Research raised WPP from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of WPP in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Get Our Latest Stock Analysis on WPP

WPP Stock Performance

WPP stock opened at $23.69 on Friday. The stock’s fifty day moving average is $20.78 and its two-hundred day moving average is $24.61. WPP has a 1-year low of $17.47 and a 1-year high of $49.12.

Institutional Investors Weigh In On WPP

Several large investors have recently modified their holdings of WPP. GAMMA Investing LLC grew its position in shares of WPP by 185.0% during the fourth quarter. GAMMA Investing LLC now owns 1,254 shares of the business services provider’s stock worth $28,000 after acquiring an additional 814 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in WPP during the 3rd quarter worth $28,000. SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 1,111 shares during the period. Allworth Financial LP raised its holdings in shares of WPP by 38.9% in the third quarter. Allworth Financial LP now owns 1,852 shares of the business services provider’s stock valued at $46,000 after buying an additional 519 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of WPP by 105.8% during the second quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock worth $49,000 after buying an additional 717 shares during the period. 4.34% of the stock is owned by institutional investors and hedge funds.

About WPP

(Get Free Report)

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.

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