WPP (NYSE:WPP) Downgraded by Wall Street Zen to “Sell”

WPP (NYSE:WPP) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also issued reports on WPP. Zacks Research lowered shares of WPP from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of WPP in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

WPP Price Performance

NYSE:WPP opened at $22.41 on Friday. WPP has a 1 year low of $17.47 and a 1 year high of $52.26. The business has a fifty day moving average of $20.78 and a 200-day moving average of $25.68.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mondrian Investment Partners LTD purchased a new position in shares of WPP during the 3rd quarter valued at $79,947,000. Dimensional Fund Advisors LP boosted its position in WPP by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 861,579 shares of the business services provider’s stock valued at $21,555,000 after purchasing an additional 94,162 shares during the last quarter. Creative Planning grew its stake in WPP by 222.4% in the third quarter. Creative Planning now owns 105,070 shares of the business services provider’s stock valued at $2,632,000 after purchasing an additional 72,476 shares in the last quarter. Brandes Investment Partners LP increased its position in WPP by 12.2% in the 2nd quarter. Brandes Investment Partners LP now owns 626,371 shares of the business services provider’s stock worth $21,930,000 after purchasing an additional 68,271 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in WPP by 0.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,186,191 shares of the business services provider’s stock worth $255,164,000 after purchasing an additional 47,289 shares during the last quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

WPP Company Profile

WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.

Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.