Bard Financial Services Inc. Has $368,000 Stake in WPP plc (NYSE:WPP)

Bard Financial Services Inc. lowered its position in shares of WPP plc (NYSE:WPP - Free Report) by 71.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,695 shares of the business services provider's stock after selling 24,610 shares during the period. Bard Financial Services Inc.'s holdings in WPP were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in WPP by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 21,093 shares of the business services provider's stock worth $1,084,000 after acquiring an additional 1,784 shares during the period. QRG Capital Management Inc. bought a new position in WPP during the 4th quarter worth $202,000. US Bancorp DE increased its stake in WPP by 6.0% during the 4th quarter. US Bancorp DE now owns 19,511 shares of the business services provider's stock worth $1,003,000 after acquiring an additional 1,096 shares during the period. Smartleaf Asset Management LLC increased its stake in WPP by 453.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider's stock worth $61,000 after acquiring an additional 966 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in WPP by 2.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,231 shares of the business services provider's stock worth $526,000 after acquiring an additional 249 shares during the period. Institutional investors own 4.34% of the company's stock.

WPP Price Performance

Shares of NYSE WPP traded down $0.90 during mid-day trading on Friday, hitting $37.12. 220,469 shares of the stock traded hands, compared to its average volume of 227,221. WPP plc has a twelve month low of $31.52 and a twelve month high of $57.37. The company has a market cap of $8.01 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 7.06 and a beta of 1.05. The firm has a 50 day simple moving average of $38.08 and a two-hundred day simple moving average of $43.61.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group assumed coverage on WPP in a research note on Wednesday, March 26th. They set a "neutral" rating on the stock. Wall Street Zen lowered WPP from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays lowered WPP from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About WPP

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.