WPP (NYSE:WPP) Sets New 52-Week Low - Time to Sell?

Key Points

• WPP's share price recently hit a new 52-week low of $26.48, indicating significant declines as it last traded at $26.62.
• Analysts have mixed opinions on WPP, with one selling rating, three hold ratings, and one buy rating, leading to a consensus rating of "Hold".
• Institutional investors have shown increased activity, with notable stakes raised by JPMorgan Chase & Co., which boosted its holdings by 184.3% in the fourth quarter.

Wpp Plc (NYSE:WPP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $26.48 and last traded at $26.62, with a volume of 350469 shares trading hands. The stock had previously closed at $26.78.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WPP. Wall Street Zen lowered shares of WPP from a "hold" rating to a "sell" rating in a report on Saturday. Barclays reiterated an "underweight" rating on shares of WPP in a report on Friday. Kepler Capital Markets lowered shares of WPP from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of WPP in a report on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

WPP Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.00. The stock's 50-day moving average is $32.46 and its 200-day moving average is $38.07. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 4.14 and a beta of 1.01.

Institutional Trading of WPP

Large investors have recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of WPP by 88.3% during the 1st quarter. Assetmark Inc. now owns 996 shares of the business services provider's stock valued at $38,000 after buying an additional 467 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of WPP by 3,450.0% during the 1st quarter. Brooklyn Investment Group now owns 1,917 shares of the business services provider's stock valued at $73,000 after buying an additional 1,863 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of WPP during the 1st quarter valued at approximately $75,000. Blue Trust Inc. boosted its stake in shares of WPP by 41.9% during the 2nd quarter. Blue Trust Inc. now owns 1,990 shares of the business services provider's stock valued at $70,000 after buying an additional 588 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of WPP by 57.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider's stock valued at $111,000 after buying an additional 787 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company's stock.

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.