Trade Report: Today, First Trust Advisors LP Boosts Stake in Wpp Plc (WPPGY)

Today, First Trust Advisors LP Boosts Stake in Wpp Plc (WPPGY)

First Trust Advisors LP increased its position in Wpp Plc (NASDAQ:WPPGY) by 37.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,472 shares of the company’s stock after buying an additional 46,758 shares during the period. First Trust Advisors LP’s holdings in Wpp Plc were worth $20,068,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Duff & Phelps Investment Management Co. bought a new position in shares of Wpp Plc during the third quarter worth about $3,655,000. US Bancorp DE raised its position in shares of Wpp Plc by 5.1% in the second quarter. US Bancorp DE now owns 192,850 shares of the company’s stock worth $20,156,000 after buying an additional 9,338 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Wpp Plc during the third quarter valued at $240,000. Acadian Asset Management LLC acquired a new position in shares of Wpp Plc during the third quarter valued at $220,000. Finally, World Asset Management Inc raised its position in shares of Wpp Plc by 7.6% in the third quarter. World Asset Management Inc now owns 17,213 shares of the company’s stock valued at $2,026,000 after buying an additional 1,210 shares in the last quarter. Institutional investors own 4.30% of the company’s stock.

Shares of Wpp Plc (NASDAQ:WPPGY) traded up 1.52% during midday trading on Friday, reaching $107.31. 54,367 shares of the company’s stock traded hands. Wpp Plc has a 52-week low of $95.67 and a 52-week high of $121.55. The stock has a 50-day moving average price of $107.01 and a 200-day moving average price of $111.91.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Wpp Plc from a “sell” rating to a “hold” rating in a report on Friday, September 23rd. Jefferies Group lowered shares of Wpp Plc from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Pivotal Research restated a “hold” rating on shares of Wpp Plc in a report on Tuesday, October 18th. HSBC upgraded shares of Wpp Plc from a “hold” rating to a “buy” rating in a report on Tuesday, November 1st. Finally, Credit Suisse Group AG assumed coverage on shares of Wpp Plc in a report on Tuesday. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wpp Plc presently has a consensus rating of “Buy” and an average price target of $133.00.

About Wpp Plc

Related posts

Leave a Comment