M&T Bank Corp Sells 929 Shares of Wpp Plc (NYSE:WPP)

M&T Bank Corp decreased its holdings in Wpp Plc (NYSE:WPP) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,577 shares of the business services provider’s stock after selling 929 shares during the quarter. M&T Bank Corp’s holdings in WPP were worth $440,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WPP. Bank of New York Mellon Corp grew its position in WPP by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 21,093 shares of the business services provider’s stock worth $1,084,000 after purchasing an additional 1,784 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in WPP by 18.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,937 shares of the business services provider’s stock valued at $973,000 after buying an additional 2,956 shares during the period. Raymond James Financial Inc. bought a new stake in WPP during the fourth quarter valued at $8,724,000. HighTower Advisors LLC boosted its stake in WPP by 41.4% during the fourth quarter. HighTower Advisors LLC now owns 27,798 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 8,140 shares during the period. Finally, Natixis Advisors LLC boosted its stake in WPP by 8.2% during the fourth quarter. Natixis Advisors LLC now owns 65,942 shares of the business services provider’s stock valued at $3,389,000 after buying an additional 5,004 shares during the period. Institutional investors own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on WPP shares. Wall Street Zen cut shares of WPP from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. The Goldman Sachs Group started coverage on shares of WPP in a research report on Wednesday, March 26th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of WPP in a research report on Thursday, July 10th. Finally, Barclays restated an “underweight” rating on shares of WPP in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

WPP Price Performance

WPP opened at $27.88 on Thursday. The stock’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $40.36. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88. Wpp Plc has a 1 year low of $27.53 and a 1 year high of $57.37. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 4.67 and a beta of 1.00.

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.