WPP plc (NYSE:WPP) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in WPP plc (NYSE:WPP) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,135 shares of the business services provider’s stock after selling 409 shares during the quarter. BNP Paribas Financial Markets’ holdings in WPP were worth $109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in WPP by 767.1% during the second quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock worth $35,000 after acquiring an additional 652 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in WPP by 14.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,089 shares of the business services provider’s stock valued at $828,000 after buying an additional 2,286 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of WPP by 239.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider’s stock worth $126,000 after acquiring an additional 1,943 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of WPP by 8.0% during the second quarter. Crossmark Global Holdings Inc. now owns 19,176 shares of the business services provider’s stock valued at $878,000 after acquiring an additional 1,420 shares during the last quarter. Finally, Signaturefd LLC increased its position in WPP by 4.2% during the 2nd quarter. Signaturefd LLC now owns 9,504 shares of the business services provider’s stock worth $435,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

WPP Stock Down 2.7 %

Shares of WPP stock opened at $52.78 on Thursday. The firm has a market cap of $11.98 billion, a PE ratio of 8.98, a P/E/G ratio of 8.03 and a beta of 1.27. WPP plc has a fifty-two week low of $43.02 and a fifty-two week high of $57.37. The business’s fifty day moving average is $53.21 and its two-hundred day moving average is $49.83.

Analyst Ratings Changes

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

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.