Eagle Global Advisors LLC boosted its stake in shares of Wpp Plc (NYSE:WPP) by 102.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,618 shares of the business services provider’s stock after buying an additional 28,196 shares during the period. Eagle Global Advisors LLC’s holdings in WPP were worth $3,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of WPP by 152.2% during the 2nd quarter. Vanguard Group Inc. now owns 108,534 shares of the business services provider’s stock valued at $6,828,000 after purchasing an additional 65,497 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of WPP by 416.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 39,367 shares of the business services provider’s stock valued at $2,476,000 after purchasing an additional 31,741 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of WPP by 26.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,886 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 803 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of WPP during the 3rd quarter valued at $63,000. Finally, Signaturefd LLC lifted its holdings in shares of WPP by 26.0% during the 3rd quarter. Signaturefd LLC now owns 2,161 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 446 shares during the last quarter. Institutional investors own 4.10% of the company’s stock.

Several analysts have recently commented on the company. Goldman Sachs Group lowered WPP from a “buy” rating to a “neutral” rating in a report on Monday, January 20th. Bank of America lowered WPP from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 14th. ValuEngine upgraded WPP from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Zacks Investment Research lowered WPP from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $68.00.

Shares of WPP stock opened at $64.07 on Friday. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 8.89 and a beta of 1.10. The business has a fifty day moving average of $66.42 and a 200 day moving average of $62.84. Wpp Plc has a 1 year low of $52.58 and a 1 year high of $70.80.

WPP Profile

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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