SOL Capital Management CO Has $279,000 Stake in WPP PLC (NASDAQ:WPPGY)

SOL Capital Management CO continued to hold its stake in WPP PLC (NASDAQ:WPPGY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the business services provider’s stock at the end of the second quarter. SOL Capital Management CO’s holdings in WPP PLC were worth $279,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in WPP PLC during the fourth quarter worth about $875,000. Renaissance Technologies LLC raised its stake in WPP PLC by 63.3% in the fourth quarter. Renaissance Technologies LLC now owns 74,329 shares of the business services provider’s stock worth $8,225,000 after buying an additional 28,800 shares during the last quarter. Geode Capital Management LLC raised its stake in WPP PLC by 11.6% in the first quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after buying an additional 1,332 shares during the last quarter. Nuveen Asset Management LLC raised its stake in WPP PLC by 3.6% in the first quarter. Nuveen Asset Management LLC now owns 8,294 shares of the business services provider’s stock worth $901,000 after buying an additional 285 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its stake in WPP PLC by 19.6% in the second quarter. Cardinal Capital Management Inc. now owns 54,060 shares of the business services provider’s stock worth $5,698,000 after buying an additional 8,845 shares during the last quarter. 3.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WPP PLC (NASDAQ WPPGY) opened at 101.81 on Friday. WPP PLC has a one year low of $99.94 and a one year high of $121.55. The company has a 50-day moving average price of $102.83 and a 200 day moving average price of $108.41. The firm has a market capitalization of $25.80 billion, a P/E ratio of 14.28 and a beta of 1.19.

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WPPGY has been the subject of several analyst reports. Zacks Investment Research downgraded WPP PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. ValuEngine downgraded WPP PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded WPP PLC from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. UBS AG started coverage on WPP PLC in a report on Tuesday, June 13th. They set a “buy” rating for the company. Finally, BNP Paribas downgraded WPP PLC from an “outperform” rating to an “underperform” rating in a report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. WPP PLC currently has an average rating of “Hold” and an average target price of $121.50.

About WPP PLC

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

Institutional Ownership by Quarter for WPP PLC (NASDAQ:WPPGY)

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