Wpp Plc (NYSE:WPP) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Wpp Plc (NYSE:WPP) have been assigned an average recommendation of “Reduce” from the six research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company.

A number of equities analysts have commented on WPP shares. Wall Street Zen downgraded shares of WPP from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of WPP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WPP. Mondrian Investment Partners LTD purchased a new stake in shares of WPP during the 3rd quarter worth $79,947,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of WPP by 27.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,720,858 shares of the business services provider’s stock valued at $255,124,000 after purchasing an additional 1,436,668 shares during the period. Invesco Ltd. boosted its holdings in WPP by 50.8% during the first quarter. Invesco Ltd. now owns 2,448,296 shares of the business services provider’s stock worth $92,937,000 after buying an additional 824,336 shares in the last quarter. Dimensional Fund Advisors LP grew its position in WPP by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 861,579 shares of the business services provider’s stock worth $21,555,000 after buying an additional 94,162 shares during the period. Finally, Creative Planning increased its holdings in WPP by 222.4% in the third quarter. Creative Planning now owns 105,070 shares of the business services provider’s stock valued at $2,632,000 after buying an additional 72,476 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Price Performance

Shares of NYSE WPP opened at $21.14 on Friday. WPP has a fifty-two week low of $17.47 and a fifty-two week high of $56.59. The stock’s 50-day simple moving average is $21.25 and its 200-day simple moving average is $27.07.

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.