Blue Trust Inc. Has $69,000 Stock Holdings in WPP plc (NYSE:WPP)

Blue Trust Inc. decreased its stake in WPP plc (NYSE:WPP) by 61.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,348 shares of the business services provider’s stock after selling 2,178 shares during the quarter. Blue Trust Inc.’s holdings in WPP were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WPP. GAMMA Investing LLC lifted its stake in WPP by 92.4% during the fourth quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock valued at $64,000 after buying an additional 599 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in WPP in the 3rd quarter worth approximately $84,000. Allspring Global Investments Holdings LLC boosted its stake in WPP by 27.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock worth $180,000 after purchasing an additional 753 shares during the period. Apollon Wealth Management LLC purchased a new position in WPP during the 3rd quarter worth approximately $203,000. Finally, Optas LLC acquired a new stake in WPP during the 4th quarter valued at $234,000. Hedge funds and other institutional investors own 4.34% of the company’s stock.

WPP Stock Performance

WPP stock opened at $48.23 on Tuesday. WPP plc has a twelve month low of $43.02 and a twelve month high of $57.37. The firm has a market cap of $10.41 billion, a PE ratio of 8.08, a P/E/G ratio of 7.06 and a beta of 1.25. The firm’s 50 day moving average price is $48.35 and its two-hundred day moving average price is $50.04.

Analysts Set New Price Targets

Several analysts have recently commented on WPP shares. StockNews.com cut WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Kepler Capital Markets upgraded WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

WPP 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.