Wpp Plc (NYSE:WPP) Shares Bought by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. grew its holdings in shares of Wpp Plc (NYSE:WPP) by 41.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,928 shares of the business services provider’s stock after purchasing an additional 2,313 shares during the period. Wetherby Asset Management Inc.’s holdings in WPP were worth $499,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Dedication LLC bought a new position in WPP during the first quarter valued at about $37,000. Global Retirement Partners LLC boosted its stake in WPP by 55.2% during the first quarter. Global Retirement Partners LLC now owns 731 shares of the business services provider’s stock valued at $39,000 after buying an additional 260 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in WPP by 78.4% during the first quarter. Semmax Financial Advisors Inc. now owns 1,151 shares of the business services provider’s stock valued at $61,000 after buying an additional 506 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in WPP by 16.8% during the first quarter. Quadrant Capital Group LLC now owns 2,525 shares of the business services provider’s stock valued at $125,000 after buying an additional 363 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in WPP by 54.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,640 shares of the business services provider’s stock valued at $192,000 after buying an additional 1,282 shares in the last quarter. 4.05% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on WPP shares. Goldman Sachs Group reaffirmed a “buy” rating on shares of WPP in a research note on Monday, June 3rd. ValuEngine cut WPP from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Zacks Investment Research reaffirmed a “hold” rating on shares of WPP in a research note on Saturday, July 20th. Finally, Barclays raised WPP from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. WPP currently has a consensus rating of “Hold”.

NYSE WPP traded up $3.31 during trading on Friday, reaching $59.59. 12,174 shares of the company’s stock were exchanged, compared to its average volume of 170,619. Wpp Plc has a fifty-two week low of $50.31 and a fifty-two week high of $84.64. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 8.28 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $60.04.

WPP Company 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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