WPP (NYSE:WPP) Downgraded by StockNews.com to Hold

StockNews.com cut shares of WPP (NYSE:WPP) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Separately, Citigroup upgraded WPP to a “strong-buy” rating in a report on Thursday, August 8th.

WPP Stock Up 0.3 %

NYSE:WPP opened at $51.62 on Monday. The firm’s 50 day moving average is $51.54 and its two-hundred day moving average is $49.54. WPP has a fifty-two week low of $43.02 and a fifty-two week high of $55.74.

Institutional Investors Weigh In On WPP

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of WPP by 45.3% during the 3rd quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 202 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of WPP by 767.1% during the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock worth $35,000 after purchasing an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of WPP in the first quarter worth about $39,000. EverSource Wealth Advisors LLC raised its holdings in shares of WPP by 62.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after buying an additional 505 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of WPP during the 2nd quarter valued at about $80,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

About WPP

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.