Envestnet Asset Management Inc. Acquires 34,737 Shares of Wpp Plc $WPP

Envestnet Asset Management Inc. lifted its holdings in shares of Wpp Plc (NYSE:WPP) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,489 shares of the business services provider’s stock after purchasing an additional 34,737 shares during the period. Envestnet Asset Management Inc. owned 0.08% of WPP worth $5,829,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC lifted its stake in WPP by 27.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,720,858 shares of the business services provider’s stock valued at $255,124,000 after buying an additional 1,436,668 shares during the period. Invesco Ltd. lifted its position in shares of WPP by 50.8% during the 1st quarter. Invesco Ltd. now owns 2,448,296 shares of the business services provider’s stock valued at $92,937,000 after acquiring an additional 824,336 shares during the period. Range Financial Group LLC acquired a new position in shares of WPP during the 2nd quarter valued at $1,560,000. Northern Trust Corp boosted its stake in WPP by 11.6% during the first quarter. Northern Trust Corp now owns 283,028 shares of the business services provider’s stock worth $10,744,000 after acquiring an additional 29,388 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in WPP by 604.0% in the first quarter. Campbell & CO Investment Adviser LLC now owns 33,708 shares of the business services provider’s stock worth $1,280,000 after purchasing an additional 28,920 shares during the period. 4.34% of the stock is currently owned by institutional investors.

WPP Price Performance

Shares of WPP stock opened at $19.46 on Thursday. Wpp Plc has a 52 week low of $17.47 and a 52 week high of $57.37. The business has a 50 day moving average price of $23.53 and a 200-day moving average price of $29.78.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WPP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a report on Wednesday, October 8th. Barclays reaffirmed an “underweight” rating on shares of WPP in a research note on Friday, August 8th. Wall Street Zen cut WPP from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. Kepler Capital Markets lowered WPP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Zacks Research cut WPP from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

About WPP

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.