Bard Financial Services Inc. Sells 19,450 Shares of WPP plc (NYSE:WPP)

Bard Financial Services Inc. cut its stake in shares of WPP plc (NYSE:WPP) by 36.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,305 shares of the business services provider’s stock after selling 19,450 shares during the quarter. Bard Financial Services Inc.’s holdings in WPP were worth $1,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of WPP in the third quarter worth approximately $1,479,000. Sanctuary Advisors LLC boosted its holdings in WPP by 45.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,397 shares of the business services provider’s stock worth $335,000 after buying an additional 2,007 shares during the period. Envestnet Asset Management Inc. raised its holdings in WPP by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock valued at $9,115,000 after acquiring an additional 27,384 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of WPP by 9.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,765 shares of the business services provider’s stock valued at $1,592,000 after acquiring an additional 2,862 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in WPP by 72.0% in the 2nd quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after purchasing an additional 80,102 shares in the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Stock Performance

NYSE:WPP traded down $1.12 during trading hours on Monday, reaching $49.28. The stock had a trading volume of 224,178 shares, compared to its average volume of 153,667. The stock has a market capitalization of $10.63 billion, a PE ratio of 8.38, a PEG ratio of 8.03 and a beta of 1.27. WPP plc has a 52 week low of $43.02 and a 52 week high of $57.37. The company has a 50 day moving average price of $53.40 and a two-hundred day moving average price of $50.06.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of WPP from a “buy” rating to a “hold” rating in a research note on Monday, November 18th.

WPP Company Profile

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.