Mondrian Investment Partners LTD Takes $79.95 Million Position in Wpp Plc $WPP

Mondrian Investment Partners LTD bought a new position in Wpp Plc (NYSE:WPP) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,191,505 shares of the business services provider’s stock, valued at approximately $79,947,000.

Several other institutional investors have also added to or reduced their stakes in WPP. SBI Securities Co. Ltd. grew its stake in shares of WPP by 323.9% during the third quarter. SBI Securities Co. Ltd. now owns 1,454 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,111 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in WPP by 105.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,395 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 717 shares during the period. Traub Capital Management LLC bought a new position in WPP during the 2nd quarter worth approximately $52,000. Blue Trust Inc. increased its stake in WPP by 30.3% in the 3rd quarter. Blue Trust Inc. now owns 2,592 shares of the business services provider’s stock worth $65,000 after purchasing an additional 602 shares during the period. Finally, Assetmark Inc. lifted its position in WPP by 120.7% in the second quarter. Assetmark Inc. now owns 2,198 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 1,202 shares during the last quarter. 4.34% of the stock is currently owned by hedge funds and other institutional investors.

WPP Price Performance

Shares of WPP stock opened at $18.82 on Tuesday. Wpp Plc has a 12-month low of $17.25 and a 12-month high of $49.12. The company’s fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $22.67.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WPP. Zacks Research raised shares of WPP from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Citigroup began coverage on shares of WPP in a report on Monday, January 12th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded shares of WPP from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, WPP currently has a consensus rating of “Reduce”.

WPP Company Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.