Wpp Plc (NYSE:WPP) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Wpp Plc (NYSE:WPP) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,466 shares of the business services provider’s stock after selling 1,253 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in WPP were worth $663,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WPP. Gilman Hill Asset Management LLC raised its holdings in shares of WPP by 15.2% in the first quarter. Gilman Hill Asset Management LLC now owns 93,542 shares of the business services provider’s stock valued at $3,551,000 after buying an additional 12,330 shares during the last quarter. Invesco Ltd. grew its holdings in shares of WPP by 11.9% during the fourth quarter. Invesco Ltd. now owns 1,623,960 shares of the business services provider’s stock worth $83,472,000 after buying an additional 172,212 shares during the last quarter. Jane Street Group LLC acquired a new position in WPP in the 4th quarter valued at about $2,292,000. Raymond James Financial Inc. purchased a new stake in WPP during the 4th quarter valued at approximately $8,724,000. Finally, QRG Capital Management Inc. purchased a new stake in WPP during the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Price Performance

Shares of NYSE:WPP opened at $36.34 on Friday. Wpp Plc has a 52 week low of $31.52 and a 52 week high of $57.37. The company has a 50-day moving average price of $38.08 and a 200 day moving average price of $41.70. The company has a market cap of $7.84 billion, a P/E ratio of 6.09 and a beta of 1.00. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.00.

Analysts Set New Price Targets

WPP has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on WPP in a research note on Wednesday, March 26th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded WPP from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Barclays cut shares of WPP from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

WPP 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.