Pacer Advisors Inc. Lowers Stake in Wpp Plc (NYSE:WPP)

Pacer Advisors Inc. lowered its stake in shares of Wpp Plc (NYSE:WPP) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,028 shares of the business services provider’s stock after selling 853 shares during the quarter. Pacer Advisors Inc.’s holdings in WPP were worth $1,754,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WPP. First Trust Advisors LP raised its position in shares of WPP by 26.4% during the 1st quarter. First Trust Advisors LP now owns 559,340 shares of the business services provider’s stock valued at $29,533,000 after buying an additional 116,723 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of WPP by 30.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 396,392 shares of the business services provider’s stock valued at $24,937,000 after purchasing an additional 93,575 shares during the last quarter. US Bancorp DE grew its holdings in shares of WPP by 729.0% during the 2nd quarter. US Bancorp DE now owns 102,542 shares of the business services provider’s stock valued at $6,451,000 after purchasing an additional 90,172 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of WPP by 13.9% during the 2nd quarter. Royal Bank of Canada now owns 613,950 shares of the business services provider’s stock valued at $38,622,000 after purchasing an additional 75,134 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of WPP by 152.2% during the 2nd quarter. Vanguard Group Inc. now owns 108,534 shares of the business services provider’s stock valued at $6,828,000 after purchasing an additional 65,497 shares during the last quarter. Hedge funds and other institutional investors own 3.96% of the company’s stock.

WPP stock opened at $60.47 on Wednesday. Wpp Plc has a 52 week low of $50.31 and a 52 week high of $70.94. The firm’s fifty day moving average is $60.71 and its 200 day moving average is $60.07. The firm has a market cap of $15.69 billion, a P/E ratio of 8.39 and a beta of 1.01.

Several research firms recently commented on WPP. Zacks Investment Research raised shares of WPP from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. ValuEngine lowered shares of WPP from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. WPP currently has an average rating of “Hold”.

WPP Profile

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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