WPP plc (NYSE:WPP) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its position in WPP plc (NYSE:WPP) by 22.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,658 shares of the business services provider’s stock after acquiring an additional 3,615 shares during the quarter. HighTower Advisors LLC’s holdings in WPP were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of WPP during the third quarter worth $35,757,000. Bank of Montreal Can raised its stake in WPP by 72.0% during the second quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after acquiring an additional 80,102 shares during the period. Dimensional Fund Advisors LP raised its stake in WPP by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock worth $14,759,000 after acquiring an additional 63,363 shares during the period. Brandes Investment Partners LP boosted its stake in WPP by 7.0% in the second quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock valued at $30,232,000 after acquiring an additional 42,690 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in WPP in the second quarter valued at approximately $1,860,000. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Stock Down 2.4 %

WPP stock opened at $54.24 on Wednesday. WPP plc has a 52-week low of $43.02 and a 52-week high of $57.37. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 8.03 and a beta of 1.27. The firm has a 50-day moving average price of $53.18 and a two-hundred day moving average price of $49.81.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded WPP from a “buy” rating to a “hold” rating in a report 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.