Euclid Advisors LLC reduced its position in Wpp Plc (NASDAQ:WPPGY) by 76.1% during the third quarter, Holdings Channel reports. The firm owned 7,912 shares of the company’s stock after selling 25,160 shares during the period. Wpp Plc comprises about 5.4% of Euclid Advisors LLC’s portfolio, making the stock its 7th largest position. Euclid Advisors LLC’s holdings in Wpp Plc were worth $931,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Wpp Plc by 37.8% in the third quarter. First Trust Advisors LP now owns 170,472 shares of the company’s stock valued at $20,068,000 after buying an additional 46,758 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new position in Wpp Plc during the third quarter valued at approximately $3,655,000. Sei Investments Co. increased its stake in Wpp Plc by 1,924.0% in the third quarter. Sei Investments Co. now owns 12,043 shares of the company’s stock worth $1,418,000 after buying an additional 11,448 shares during the period. Donaldson Capital Management LLC increased its stake in Wpp Plc by 7.2% in the third quarter. Donaldson Capital Management LLC now owns 142,001 shares of the company’s stock worth $16,716,000 after buying an additional 9,589 shares during the period. Finally, US Bancorp DE increased its stake in Wpp Plc by 5.1% in the second quarter. US Bancorp DE now owns 192,850 shares of the company’s stock worth $20,156,000 after buying an additional 9,338 shares during the period. 4.14% of the stock is owned by institutional investors.
Shares of Wpp Plc (NASDAQ:WPPGY) traded down 0.20% during midday trading on Thursday, hitting $113.60. The stock had a trading volume of 95,176 shares. The firm has a 50-day moving average price of $110.85 and a 200-day moving average price of $111.44. Wpp Plc has a 1-year low of $95.67 and a 1-year high of $121.55. The firm has a market cap of $29.17 billion, a price-to-earnings ratio of 29.02 and a beta of 1.33.
A number of equities research analysts have issued reports on the company. Pivotal Research downgraded Wpp Plc from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Zacks Investment Research raised Wpp Plc from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Jefferies Group raised Wpp Plc from a “hold” rating to a “buy” rating in a research report on Thursday, December 8th. Credit Suisse Group AG assumed coverage on Wpp Plc in a research report on Tuesday, November 22nd. They set an “outperform” rating for the company. Finally, HSBC raised Wpp Plc from a “hold” rating to a “buy” rating in a research report on Tuesday, November 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Wpp Plc presently has an average rating of “Buy” and a consensus price target of $133.00.
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.
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