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.
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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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