WPP (NYSE:WPP) Sees Unusually-High Trading Volume

WPP plc (NYSE:WPP) shares saw unusually-strong trading volume on Tuesday . Approximately 218,606 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 155,865 shares.The stock last traded at $45.02 and had previously closed at $45.49.

Wall Street Analyst Weigh In

Separately, StockNews.com cut WPP from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, WPP currently has an average rating of “Hold” and an average price target of $46.00.

WPP Stock Down 0.6 %

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. The stock’s fifty day moving average is $50.45 and its two-hundred day moving average is $48.39.

Institutional Investors Weigh In On WPP

Large investors have recently modified their holdings of the stock. Meritage Portfolio Management lifted its position in shares of WPP by 210.3% in the 4th quarter. Meritage Portfolio Management now owns 59,399 shares of the business services provider’s stock valued at $2,826,000 after acquiring an additional 40,254 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of WPP during the fourth quarter valued at $1,279,000. Bard Financial Services Inc. raised its position in WPP by 7.7% during the fourth quarter. Bard Financial Services Inc. now owns 97,205 shares of the business services provider’s stock valued at $4,624,000 after buying an additional 6,945 shares during the period. Envestnet Asset Management Inc. lifted its stake in WPP by 27.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 132,379 shares of the business services provider’s stock worth $5,901,000 after acquiring an additional 28,439 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in WPP by 21.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,287 shares of the business services provider’s stock worth $870,000 after acquiring an additional 3,281 shares during the period. 4.34% of the stock is owned by institutional investors.

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.