MML Investors Services LLC Buys New Position in Wpp Plc (WPP)

MML Investors Services LLC bought a new stake in shares of Wpp Plc (NYSE:WPP) during the 3rd quarter, Holdings Channel reports. The fund bought 6,016 shares of the business services provider’s stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mondrian Investment Partners LTD purchased a new stake in WPP in the third quarter worth $36,879,000. First Trust Advisors LP purchased a new stake in WPP in the third quarter worth $23,467,000. Grandfield & Dodd LLC purchased a new stake in WPP in the third quarter worth $12,838,000. Massachusetts Financial Services Co. MA purchased a new stake in WPP in the third quarter worth $9,170,000. Finally, Aperio Group LLC purchased a new stake in WPP in the third quarter worth $9,023,000. 4.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. Kepler Capital Markets reissued a “hold” rating on shares of WPP in a research note on Friday, October 26th. Pivotal Research raised WPP from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research cut WPP from a “buy” rating to a “sell” rating in a research note on Friday, September 7th. Finally, ValuEngine raised WPP from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $107.00.

NYSE WPP opened at $53.14 on Thursday. Wpp Plc has a 12 month low of $53.03 and a 12 month high of $103.53. The firm has a market capitalization of $13.43 billion, a PE ratio of 6.85, a P/E/G ratio of 6.79 and a beta of 1.29.

COPYRIGHT VIOLATION WARNING: “MML Investors Services LLC Buys New Position in Wpp Plc (WPP)” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/06/mml-investors-services-llc-buys-new-position-in-wpp-plc-wpp.html.

About WPP

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.

Featured Article: Buyback For Investors Defined

Want to see what other hedge funds are holding WPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wpp Plc (NYSE:WPP).

Institutional Ownership by Quarter for WPP (NYSE:WPP)

Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply