WPP (NYSE:WPP) Cut to Hold at StockNews.com

StockNews.com downgraded shares of WPP (NYSE:WPP) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

WPP Stock Performance

Shares of WPP opened at $45.96 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98. WPP has a 1-year low of $41.13 and a 1-year high of $54.21. The company has a 50-day moving average of $48.27 and a 200 day moving average of $48.37.

Institutional Trading of WPP

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp raised its position in WPP by 70.3% during the 4th quarter. Fifth Third Bancorp now owns 3,286 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 1,357 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of WPP in the fourth quarter valued at about $1,279,000. Sequoia Financial Advisors LLC purchased a new stake in WPP in the fourth quarter worth about $1,150,000. Cerity Partners LLC grew its holdings in WPP by 46.2% during the 4th quarter. Cerity Partners LLC now owns 7,763 shares of the business services provider’s stock worth $369,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its position in WPP by 8.3% during the 4th quarter. Center for Financial Planning Inc. now owns 6,666 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.

About WPP

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.