Campbell & CO Investment Adviser LLC Decreases Stock Holdings in Wpp Plc $WPP

Campbell & CO Investment Adviser LLC lowered its position in shares of Wpp Plc (NYSE:WPP) by 62.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,524 shares of the business services provider’s stock after selling 21,184 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in WPP were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of WPP by 120.2% in the first quarter. Bank of New York Mellon Corp now owns 46,452 shares of the business services provider’s stock worth $1,763,000 after purchasing an additional 25,359 shares during the last quarter. Assetmark Inc. lifted its holdings in WPP by 88.3% in the 1st quarter. Assetmark Inc. now owns 996 shares of the business services provider’s stock worth $38,000 after buying an additional 467 shares during the period. Inlet Private Wealth LLC grew its position in shares of WPP by 31.0% in the 1st quarter. Inlet Private Wealth LLC now owns 27,900 shares of the business services provider’s stock worth $1,059,000 after buying an additional 6,600 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of WPP during the first quarter valued at approximately $382,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of WPP during the first quarter valued at approximately $612,000. 4.34% of the stock is owned by institutional investors.

WPP Stock Up 2.2%

Shares of NYSE:WPP opened at $18.96 on Monday. The stock’s fifty day moving average price is $23.21 and its 200-day moving average price is $29.44. Wpp Plc has a 1 year low of $17.47 and a 1 year high of $57.37.

Wall Street Analysts Forecast Growth

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