Nuveen Asset Management LLC Boosts Stake in Wpp Plc (NASDAQ:WPPGY)

Nuveen Asset Management LLC boosted its position in shares of Wpp Plc (NASDAQ:WPPGY) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,294 shares of the business services provider’s stock after buying an additional 285 shares during the period. Nuveen Asset Management LLC’s holdings in Wpp Plc were worth $901,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Wpp Plc by 11.6% in the first quarter. Geode Capital Management LLC now owns 12,846 shares of the business services provider’s stock worth $1,405,000 after buying an additional 1,332 shares during the period. Russell Investments Group Ltd. bought a new stake in Wpp Plc during the fourth quarter worth about $875,000. Finally, Renaissance Technologies LLC raised its stake in Wpp Plc by 63.3% in the fourth quarter. Renaissance Technologies LLC now owns 74,329 shares of the business services provider’s stock worth $8,225,000 after buying an additional 28,800 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.

Shares of Wpp Plc (NASDAQ:WPPGY) traded down 1.57% on Friday, reaching $100.51. The company had a trading volume of 205,096 shares. Wpp Plc has a 1-year low of $99.94 and a 1-year high of $121.55. The firm has a market capitalization of $25.47 billion, a price-to-earnings ratio of 14.31 and a beta of 1.19. The firm has a 50-day moving average price of $102.29 and a 200 day moving average price of $107.89.

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A number of equities research analysts have recently issued reports on WPPGY shares. BNP Paribas lowered Wpp Plc from an “outperform” rating to an “underperform” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded Wpp Plc from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Thursday, May 4th. BidaskClub lowered Wpp Plc from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Deutsche Bank AG lowered Wpp Plc from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, ValuEngine lowered Wpp Plc from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $121.50.

Wpp Plc Company Profile

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

Institutional Ownership by Quarter for Wpp Plc (NASDAQ:WPPGY)

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