Pivotal Research cut shares of WPP PLC (NASDAQ:WPPGY) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Other equities research analysts have also issued research reports about the stock. Jefferies Group raised shares of WPP PLC from a hold rating to a buy rating in a research note on Thursday, December 8th. HSBC raised shares of WPP PLC from a hold rating to a buy rating in a research note on Tuesday, November 1st. Zacks Investment Research raised shares of WPP PLC from a sell rating to a hold rating in a research note on Thursday, October 6th. Finally, Credit Suisse Group initiated coverage on shares of WPP PLC in a research note on Tuesday, November 22nd. They issued an outperform rating for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $133.00.

WPP PLC (NASDAQ:WPPGY) traded up 0.04% during mid-day trading on Thursday, hitting $114.47. The stock had a trading volume of 75,891 shares. The firm has a market cap of $29.40 billion, a PE ratio of 29.02 and a beta of 1.33. WPP PLC has a 12-month low of $95.67 and a 12-month high of $121.55. The company has a 50-day moving average of $108.88 and a 200-day moving average of $111.04.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ngam Advisors L.P. increased its position in shares of WPP PLC by 3.1% in the third quarter. Ngam Advisors L.P. now owns 73,574 shares of the company’s stock valued at $8,662,000 after buying an additional 2,185 shares during the period. First Trust Advisors LP increased its position in shares of WPP PLC by 37.8% in the third quarter. First Trust Advisors LP now owns 170,472 shares of the company’s stock valued at $20,068,000 after buying an additional 46,758 shares during the period. Epoch Investment Partners Inc. increased its position in shares of WPP PLC by 14.0% in the third quarter. Epoch Investment Partners Inc. now owns 12,135 shares of the company’s stock valued at $1,429,000 after buying an additional 1,494 shares during the period. Wright Investors Service Inc. increased its position in shares of WPP PLC by 4.4% in the third quarter. Wright Investors Service Inc. now owns 26,501 shares of the company’s stock valued at $3,120,000 after buying an additional 1,120 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of WPP PLC by 43.2% in the third quarter. PNC Financial Services Group Inc. now owns 19,844 shares of the company’s stock valued at $2,336,000 after buying an additional 5,986 shares during the period. Hedge funds and other institutional investors own 4.15% of the company’s stock.

About WPP PLC

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

5 Day Chart for NASDAQ:WPPGY

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