WPP plc (NYSE:WPP) Shares Sold by Capital International Investors

Capital International Investors reduced its stake in shares of WPP plc (NYSE:WPPFree Report) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 119,687 shares of the business services provider’s stock after selling 12,845 shares during the quarter. Capital International Investors’ holdings in WPP were worth $5,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of WPP during the 4th quarter worth approximately $49,000. Bruce G. Allen Investments LLC acquired a new position in shares of WPP during the 4th quarter worth approximately $111,000. Cetera Trust Company N.A acquired a new position in shares of WPP during the 4th quarter worth approximately $148,000. Fifth Third Bancorp raised its position in shares of WPP by 70.3% during the 4th quarter. Fifth Third Bancorp now owns 3,286 shares of the business services provider’s stock worth $156,000 after purchasing an additional 1,357 shares during the last quarter. Finally, Intrust Bank NA acquired a new position in shares of WPP during the 4th quarter worth approximately $206,000. 4.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Read Our Latest Research Report on WPP

WPP Price Performance

WPP stock opened at $48.94 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. WPP plc has a one year low of $41.13 and a one year high of $57.30. The company has a 50 day moving average price of $50.41 and a two-hundred day moving average price of $48.09.

WPP Company Profile

(Free Report)

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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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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