NBC Securities Inc. Has $371,000 Holdings in WPP plc (NYSE:WPP)

NBC Securities Inc. raised its holdings in shares of WPP plc (NYSE:WPP - Free Report) by 108,722.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,794 shares of the business services provider's stock after purchasing an additional 9,785 shares during the quarter. NBC Securities Inc.'s holdings in WPP were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WPP. Invesco Ltd. lifted 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 worth $83,472,000 after buying an additional 172,212 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in WPP by 7.9% during the 4th 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 during the last quarter. Northern Trust Corp lifted its holdings in WPP by 83.5% during the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new position in WPP during the 4th quarter worth approximately $8,724,000. Finally, Optiver Holding B.V. lifted its holdings in WPP by 104.6% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 4.34% of the company's stock.

Analyst Ratings Changes

WPP has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on WPP in a report on Wednesday, March 26th. They set a "neutral" rating on the stock. 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 "overweight" rating to an "equal weight" rating in a report on Friday, February 28th. Three investment 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 company's stock. According to MarketBeat.com, WPP currently has an average rating of "Moderate Buy".

WPP Price Performance

Shares of NYSE WPP traded down $1.64 during mid-day trading on Friday, hitting $37.77. The company had a trading volume of 187,439 shares, compared to its average volume of 220,580. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 7.06 and a beta of 1.05. WPP plc has a 12 month low of $31.52 and a 12 month high of $57.37. The firm's 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $44.13.

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.