Wpp Plc (WPPGY) Position Reduced by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in Wpp Plc (NASDAQ:WPPGY) by 6.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,057 shares of the business services provider’s stock after selling 135 shares during the period. Park Avenue Securities LLC’s holdings in Wpp Plc were worth $222,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Wpp Plc during the fourth quarter valued at about $875,000. Geode Capital Management LLC boosted its position in shares of 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 valued at $1,405,000 after buying an additional 1,332 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of 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 valued at $901,000 after buying an additional 285 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in shares of 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 valued at $5,698,000 after buying an additional 8,845 shares in the last quarter. Finally, Capital One National Association acquired a new position in shares of Wpp Plc during the second quarter valued at $244,000. Institutional investors own 3.85% of the company’s stock.

Wpp Plc (NASDAQ WPPGY) opened at 100.51 on Friday. Wpp Plc has a 1-year low of $99.94 and a 1-year high of $121.55. The stock has a market cap of $25.47 billion, a PE ratio of 14.10 and a beta of 1.19. The company’s 50 day moving average is $102.29 and its 200-day moving average is $107.89.

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Several research analysts have recently weighed in on WPPGY shares. BNP Paribas cut shares of Wpp Plc from an “outperform” rating to an “underperform” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of Wpp Plc from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Thursday, May 4th. BidaskClub cut shares of Wpp Plc from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Deutsche Bank AG cut shares of Wpp Plc from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, ValuEngine cut shares of Wpp Plc from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Wpp Plc has an average rating of “Hold” and an average target price of $121.50.

Wpp Plc Company Profile

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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