Wpp Plc (WPP) Shares Sold by Global Trust Asset Management LLC
Global Trust Asset Management LLC reduced its holdings in shares of Wpp Plc (NYSE:WPP) by 21.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,752 shares of the business services provider’s stock after selling 1,017 shares during the quarter. Global Trust Asset Management LLC’s holdings in WPP were worth $206,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WPP. One Wealth Advisors LLC bought a new position in shares of WPP during the 3rd quarter worth approximately $105,000. Tower Research Capital LLC TRC acquired a new stake in WPP during the 3rd quarter worth approximately $110,000. Rehmann Capital Advisory Group lifted its holdings in WPP by 7,226.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 12,822 shares of the business services provider’s stock worth $175,000 after purchasing an additional 12,647 shares during the last quarter. Riverhead Capital Management LLC acquired a new stake in WPP during the 3rd quarter worth approximately $176,000. Finally, Hall Laurie J Trustee acquired a new stake in WPP during the 3rd quarter worth approximately $182,000. Institutional investors own 4.63% of the company’s stock.
Several research firms recently weighed in on WPP. Kepler Capital Markets reissued a “hold” rating on shares of WPP in a report on Friday, October 26th. ValuEngine raised WPP from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America raised WPP from an “underperform” rating to a “neutral” rating in a report on Thursday, December 13th. Berenberg Bank raised WPP from a “sell” rating to a “hold” rating in a report on Wednesday, December 12th. Finally, Pivotal Research raised WPP from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. WPP has a consensus rating of “Hold” and an average target price of $107.00.
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WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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