Hanson & Doremus Investment Management lifted its position in shares of Wpp Plc (NYSE:WPP) by 106.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,387 shares of the business services provider’s stock after purchasing an additional 9,987 shares during the period. Hanson & Doremus Investment Management’s holdings in WPP were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in WPP by 43.2% during the 2nd quarter. Wells Fargo & Company MN now owns 57,318 shares of the business services provider’s stock worth $3,606,000 after buying an additional 17,287 shares during the period. MML Investors Services LLC boosted its position in WPP by 20.4% during the 2nd quarter. MML Investors Services LLC now owns 7,888 shares of the business services provider’s stock worth $496,000 after buying an additional 1,339 shares during the period. Parametric Portfolio Associates LLC boosted its position in WPP by 30.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 396,392 shares of the business services provider’s stock worth $24,937,000 after buying an additional 93,575 shares during the period. HighTower Advisors LLC boosted its position in WPP by 381.5% during the 2nd quarter. HighTower Advisors LLC now owns 51,542 shares of the business services provider’s stock worth $3,246,000 after buying an additional 40,837 shares during the period. Finally, US Bancorp DE boosted its position in WPP by 729.0% during the 2nd quarter. US Bancorp DE now owns 102,542 shares of the business services provider’s stock worth $6,451,000 after buying an additional 90,172 shares during the period. Institutional investors own 4.10% of the company’s stock.

Several research firms recently commented on WPP. Bank of America downgraded shares of WPP from a “neutral” rating to an “underperform” rating in a research report on Tuesday. ValuEngine upgraded shares of WPP from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research downgraded shares of WPP from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $68.00.

Shares of NYSE:WPP traded down $0.11 during midday trading on Thursday, reaching $66.56. The company’s stock had a trading volume of 6,971 shares, compared to its average volume of 135,240. Wpp Plc has a fifty-two week low of $50.91 and a fifty-two week high of $70.80. The firm has a 50 day moving average price of $67.42 and a two-hundred day moving average price of $62.31. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 9.24 and a beta of 1.02.

About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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