18,719 Shares in WPP plc (NYSE:WPP) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of WPP plc (NYSE:WPP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,719 shares of the business services provider’s stock, valued at approximately $962,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in WPP by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,623,960 shares of the business services provider’s stock worth $83,472,000 after acquiring an additional 172,212 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in WPP by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 484,996 shares of the business services provider’s stock worth $24,928,000 after acquiring an additional 35,412 shares during the last quarter. Northern Trust Corp grew its holdings in WPP by 83.5% during the 4th quarter. Northern Trust Corp now owns 253,640 shares of the business services provider’s stock worth $13,037,000 after acquiring an additional 115,416 shares during the last quarter. Raymond James Financial Inc. bought a new stake in WPP during the 4th quarter worth approximately $8,724,000. Finally, Optiver Holding B.V. grew its holdings in WPP by 104.6% during the 4th quarter. Optiver Holding B.V. now owns 141,488 shares of the business services provider’s stock worth $7,272,000 after acquiring an additional 72,342 shares during the last quarter. 4.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WPP shares. Barclays lowered shares of WPP from an “overweight” rating to an “equal weight” rating in a report on Friday, February 28th. Wall Street Zen lowered shares of WPP from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group started coverage on shares of WPP in a research note on Wednesday, March 26th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, WPP has a consensus rating of “Moderate Buy”.

WPP Stock Performance

NYSE:WPP opened at $36.65 on Tuesday. The firm’s fifty day moving average is $37.82 and its 200-day moving average is $43.92. WPP plc has a 52 week low of $31.52 and a 52 week high of $57.37. The firm has a market cap of $7.91 billion, a P/E ratio of 6.14, a P/E/G ratio of 7.06 and a beta of 1.05.

WPP Company Profile

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.