Ceera Investments LLC Raises Stake in Wpp Plc (NYSE:WPP)

Ceera Investments LLC lifted its position in shares of Wpp Plc (NYSE:WPP - Free Report) by 77.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,490 shares of the business services provider's stock after purchasing an additional 12,430 shares during the quarter. Ceera Investments LLC's holdings in WPP were worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WPP. Invesco Ltd. grew its holdings in WPP by 11.9% during the fourth quarter. Invesco Ltd. now owns 1,623,960 shares of the business services provider's stock worth $83,472,000 after buying an additional 172,212 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in WPP by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 484,996 shares of the business services provider's stock worth $24,928,000 after buying an additional 35,412 shares in the last quarter. Northern Trust Corp grew its holdings in WPP by 83.5% during the fourth quarter. Northern Trust Corp now owns 253,640 shares of the business services provider's stock worth $13,037,000 after buying an additional 115,416 shares in the last quarter. Raymond James Financial Inc. bought a new stake in WPP during the fourth quarter worth $8,724,000. Finally, Optiver Holding B.V. grew its holdings in WPP by 104.6% during the fourth quarter. Optiver Holding B.V. now owns 141,488 shares of the business services provider's stock worth $7,272,000 after buying an additional 72,342 shares in the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WPP has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on WPP in a report on Wednesday, March 26th. They set a "neutral" rating for the company. Wall Street Zen downgraded WPP from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Barclays downgraded WPP from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, WPP presently has a consensus rating of "Hold".

WPP Stock Performance

NYSE:WPP traded up $0.24 during trading on Friday, reaching $36.34. The company's stock had a trading volume of 116,619 shares, compared to its average volume of 234,369. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 6.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50 day moving average of $38.07 and a 200-day moving average of $41.58. Wpp Plc has a 12 month low of $31.52 and a 12 month high of $57.37.

WPP Company 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.