Gilman Hill Asset Management LLC Buys 12,330 Shares of WPP plc (NYSE:WPP)

Gilman Hill Asset Management LLC boosted its position in shares of WPP plc (NYSE:WPP - Free Report) by 15.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,542 shares of the business services provider's stock after buying an additional 12,330 shares during the quarter. Gilman Hill Asset Management LLC's holdings in WPP were worth $3,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WPP. Vestmark Advisory Solutions Inc. increased its position in WPP by 1.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 17,402 shares of the business services provider's stock valued at $894,000 after purchasing an additional 207 shares during the period. M&T Bank Corp lifted its position in shares of WPP by 1.9% in the 4th quarter. M&T Bank Corp now owns 12,506 shares of the business services provider's stock worth $642,000 after purchasing an additional 228 shares during the period. Stifel Financial Corp lifted its position in shares of WPP by 0.4% in the 4th quarter. Stifel Financial Corp now owns 56,210 shares of the business services provider's stock worth $2,889,000 after purchasing an additional 247 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of WPP by 2.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,231 shares of the business services provider's stock valued at $526,000 after purchasing an additional 249 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of WPP by 5.4% during the fourth quarter. Caprock Group LLC now owns 6,885 shares of the business services provider's stock valued at $354,000 after buying an additional 350 shares during the period. Institutional investors own 4.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on WPP. Wall Street Zen cut WPP from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays cut WPP from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group initiated coverage on WPP in a research report on Wednesday, March 26th. They set a "neutral" rating on the stock. 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 company's stock. Based on data from MarketBeat.com, WPP currently has an average rating of "Moderate Buy".

WPP Stock Performance

Shares of WPP stock traded up $0.25 during trading on Thursday, hitting $39.37. The company's stock had a trading volume of 244,488 shares, compared to its average volume of 220,096. WPP plc has a 52 week low of $31.52 and a 52 week high of $57.37. The company has a market capitalization of $8.50 billion, a PE ratio of 6.60, a P/E/G ratio of 7.06 and a beta of 1.04. The company has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $44.31.

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.