D.A. Davidson & CO. bought a new stake in Wpp Plc (NYSE:WPP) during the third quarter, according to its most recent filing with the SEC. The firm bought 5,965 shares of the business services provider’s stock, valued at approximately $437,000.
A number of other large investors have also recently bought and sold shares of WPP. Morningstar Investment Services LLC acquired a new position in WPP in the 3rd quarter valued at $62,429,000. Brandes Investment Partners LP acquired a new position in WPP in the 3rd quarter valued at $60,894,000. Mondrian Investment Partners LTD acquired a new stake in WPP in the 3rd quarter worth $36,879,000. First Trust Advisors LP acquired a new stake in WPP in the 3rd quarter worth $23,467,000. Finally, Grandfield & Dodd LLC acquired a new stake in WPP in the 3rd quarter worth $12,838,000. Institutional investors and hedge funds own 4.64% of the company’s stock.
NYSE WPP opened at $53.14 on Thursday. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 7.13 and a beta of 1.29. Wpp Plc has a 52-week low of $53.03 and a 52-week high of $103.53.
WPP has been the topic of several research analyst reports. ValuEngine upgraded shares of WPP from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 23rd. Zacks Investment Research lowered shares of WPP from a “buy” rating to a “sell” rating in a research report on Friday, September 7th. Kepler Capital Markets restated a “hold” rating on shares of WPP in a research report on Friday, October 26th. Finally, Pivotal Research upgraded shares of WPP from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $107.00.
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WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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