73,775 Shares in Wpp Plc $WPP Bought by Range Financial Group LLC

Range Financial Group LLC acquired a new position in shares of Wpp Plc (NYSE:WPP) in the first quarter, Holdings Channel.com reports. The firm acquired 73,775 shares of the business services provider’s stock, valued at approximately $1,147,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of WPP by 0.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,186,191 shares of the business services provider’s stock worth $255,164,000 after purchasing an additional 47,289 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in WPP by 1.5% during the 4th quarter. Mondrian Investment Partners LTD now owns 3,240,219 shares of the business services provider’s stock worth $72,775,000 after buying an additional 48,714 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in WPP by 12.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 861,579 shares of the business services provider’s stock worth $21,555,000 after buying an additional 94,162 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of WPP by 7.5% during the fourth quarter. Royal Bank of Canada now owns 481,076 shares of the business services provider’s stock valued at $10,805,000 after acquiring an additional 33,433 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of WPP by 10.8% in the second quarter. Bank of America Corp DE now owns 470,900 shares of the business services provider’s stock valued at $16,486,000 after acquiring an additional 45,866 shares in the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Trading Up 1.1%

Shares of WPP stock opened at $17.34 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.89 and a quick ratio of 0.89. Wpp Plc has a twelve month low of $14.81 and a twelve month high of $29.71. The company’s 50-day moving average price is $17.92 and its 200-day moving average price is $18.50.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WPP. Berenberg Bank assumed coverage on WPP in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Citigroup restated a “neutral” rating on shares of WPP in a report on Thursday, April 30th. Wall Street Zen raised shares of WPP from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Rothschild & Co Redburn started coverage on shares of WPP in a research report on Thursday, May 28th. They issued a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of WPP in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

WPP Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.