Paradigm Asset Management Co. LLC Cuts Stake in WPP plc (NYSE:WPP)

Paradigm Asset Management Co. LLC reduced its holdings in shares of WPP plc (NYSE:WPP) by 99.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 723 shares of the business services provider’s stock after selling 120,900 shares during the period. Paradigm Asset Management Co. LLC’s holdings in WPP were worth $37,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WPP. Creative Planning increased its stake in WPP by 21.3% during the 3rd quarter. Creative Planning now owns 29,629 shares of the business services provider’s stock worth $1,516,000 after buying an additional 5,198 shares during the period. Blue Trust Inc. increased its stake in WPP by 378.4% during the 3rd quarter. Blue Trust Inc. now owns 3,526 shares of the business services provider’s stock worth $180,000 after buying an additional 2,789 shares during the period. Allspring Global Investments Holdings LLC increased its stake in WPP by 27.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock worth $180,000 after buying an additional 753 shares during the period. International Assets Investment Management LLC purchased a new stake in WPP during the 3rd quarter worth approximately $1,479,000. Finally, HF Advisory Group LLC increased its stake in WPP by 23.8% during the 3rd quarter. HF Advisory Group LLC now owns 6,668 shares of the business services provider’s stock worth $341,000 after buying an additional 1,280 shares during the period. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Stock Down 0.3 %

NYSE WPP opened at $47.48 on Friday. WPP plc has a 52 week low of $43.02 and a 52 week high of $57.37. The stock has a market capitalization of $10.24 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 7.06 and a beta of 1.25. The firm has a 50 day moving average of $48.50 and a two-hundred day moving average of $49.93.

Analyst Upgrades and Downgrades

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