Capital International Investors lifted its holdings in WPP plc (NYSE:WPP – Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,589 shares of the business services provider’s stock after acquiring an additional 5,902 shares during the quarter. Capital International Investors owned 0.06% of WPP worth $5,953,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WPP. Mondrian Investment Partners LTD boosted its holdings in WPP by 46.5% during the first quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider’s stock worth $158,791,000 after buying an additional 1,062,708 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in WPP by 40.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,648 shares of the business services provider’s stock valued at $54,974,000 after purchasing an additional 332,914 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in WPP by 47.9% during the fourth quarter. Brandes Investment Partners LP now owns 567,653 shares of the business services provider’s stock valued at $27,003,000 after purchasing an additional 183,955 shares in the last quarter. Pacer Advisors Inc. purchased a new position in WPP during the fourth quarter valued at $7,486,000. Finally, Gilman Hill Asset Management LLC lifted its holdings in WPP by 188.2% during the first quarter. Gilman Hill Asset Management LLC now owns 72,351 shares of the business services provider’s stock valued at $3,429,000 after purchasing an additional 47,249 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.
WPP Stock Performance
Shares of WPP traded up $0.78 during trading on Friday, reaching $48.17. 114,482 shares of the company traded hands, compared to its average volume of 167,190. WPP plc has a twelve month low of $41.13 and a twelve month high of $55.55. The stock has a 50-day simple moving average of $48.79 and a 200-day simple moving average of $48.33. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.86.
Analysts Set New Price Targets
View Our Latest Stock Report on WPP
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.
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