WPP plc (NYSE:WPP) Position Raised by Cetera Trust Company N.A

Cetera Trust Company N.A lifted its position in WPP plc (NYSE:WPP) by 20.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,225 shares of the business services provider’s stock after buying an additional 885 shares during the period. Cetera Trust Company N.A’s holdings in WPP were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WPP. Hotchkis & Wiley Capital Management LLC raised its position in WPP by 47.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider’s stock worth $274,016,000 after acquiring an additional 1,734,750 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of WPP in the 3rd quarter worth approximately $35,757,000. Bank of Montreal Can raised its holdings in shares of WPP by 72.0% in the 2nd quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after purchasing an additional 80,102 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of WPP by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock worth $14,759,000 after purchasing an additional 63,363 shares in the last quarter. Finally, Brandes Investment Partners LP raised its holdings in shares of WPP by 7.0% in the 2nd quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock worth $30,232,000 after purchasing an additional 42,690 shares in the last quarter. Institutional investors own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th.

WPP Stock Performance

NYSE WPP opened at $45.73 on Wednesday. The stock’s 50-day moving average price is $51.33 and its two-hundred day moving average price is $49.94. WPP plc has a 1 year low of $43.02 and a 1 year high of $57.37.

WPP 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.