WPP (NYSE:WPP) Rating Increased to Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of WPP (NYSE:WPP) from a hold rating to a buy rating in a report issued on Friday morning, Marketbeat Ratings reports.

Separately, StockNews.com lowered shares of WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th.

WPP Stock Up 2.7 %

WPP stock opened at $45.87 on Friday. The stock has a 50 day moving average of $51.03 and a two-hundred day moving average of $49.87. WPP has a twelve month low of $43.02 and a twelve month high of $57.37.

Institutional Investors Weigh In On WPP

A number of hedge funds have recently added to or reduced their stakes in the company. Optas LLC purchased a new position in shares of WPP during the 4th quarter worth approximately $234,000. Inlet Private Wealth LLC raised its position in WPP by 20.3% in the fourth quarter. Inlet Private Wealth LLC now owns 21,300 shares of the business services provider’s stock worth $1,095,000 after acquiring an additional 3,600 shares in the last quarter. Caprock Group LLC lifted its holdings in WPP by 5.4% in the fourth quarter. Caprock Group LLC now owns 6,885 shares of the business services provider’s stock valued at $354,000 after acquiring an additional 350 shares during the period. Blue Trust Inc. grew its stake in shares of WPP by 14.1% during the 4th quarter. Blue Trust Inc. now owns 4,024 shares of the business services provider’s stock worth $206,000 after purchasing an additional 498 shares during the period. Finally, Cetera Trust Company N.A increased its holdings in shares of WPP by 20.4% in the 4th quarter. Cetera Trust Company N.A now owns 5,225 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 885 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Company Profile

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.