Wpp Plc (NYSE:WPP) Stock Position Increased by Ceera Investments LLC

Ceera Investments LLC increased its stake in Wpp Plc (NYSE:WPP - Free Report) by 77.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,490 shares of the business services provider's stock after buying an additional 12,430 shares during the quarter. Ceera Investments LLC's holdings in WPP were worth $1,081,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Invesco Ltd. grew its holdings in WPP by 11.9% during the 4th quarter. Invesco Ltd. now owns 1,623,960 shares of the business services provider's stock valued at $83,472,000 after purchasing an additional 172,212 shares in the last quarter. Raymond James Financial Inc. acquired a new position in WPP in the 4th quarter worth $8,724,000. Northern Trust Corp boosted its position in WPP by 83.5% in the 4th quarter. Northern Trust Corp now owns 253,640 shares of the business services provider's stock valued at $13,037,000 after buying an additional 115,416 shares during the last quarter. Optiver Holding B.V. grew its stake in shares of WPP by 104.6% during the fourth quarter. Optiver Holding B.V. now owns 141,488 shares of the business services provider's stock valued at $7,272,000 after acquiring an additional 72,342 shares in the last quarter. Finally, OLD Mission Capital LLC increased its position in shares of WPP by 1,612.8% during the fourth quarter. OLD Mission Capital LLC now owns 76,306 shares of the business services provider's stock worth $3,922,000 after acquiring an additional 71,851 shares during the last quarter. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on WPP. Barclays lowered WPP from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 25th. The Goldman Sachs Group initiated coverage on shares of WPP in a report on Wednesday, March 26th. They issued a "neutral" rating on the stock. Finally, Wall Street Zen lowered shares of WPP from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, two have given 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, the stock currently has an average rating of "Hold".

WPP Stock Performance

Shares of WPP stock traded up $0.62 on Tuesday, hitting $35.83. 349,680 shares of the stock traded hands, compared to its average volume of 234,915. The company's fifty day moving average is $37.97 and its 200 day moving average is $41.26. Wpp Plc has a 1-year low of $31.52 and a 1-year high of $57.37. The company has a market capitalization of $7.73 billion, a PE ratio of 6.00 and a beta of 1.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.88 and a quick ratio of 0.88.

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.