WPP (NYSE:WPP) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of WPP (NYSE:WPP) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat Ratings reports.

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

WPP Stock Performance

Shares of NYSE:WPP opened at $45.87 on Friday. The company’s 50 day moving average price is $50.92 and its two-hundred day moving average price is $49.87. WPP has a 12-month low of $43.02 and a 12-month high of $57.37.

Institutional Trading of WPP

Several large investors have recently made changes to their positions in WPP. Envestnet Asset Management Inc. boosted its position in WPP by 15.9% in the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock valued at $9,115,000 after buying an additional 27,384 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in WPP by 24.5% in the second quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock valued at $14,759,000 after buying an additional 63,363 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in WPP in the second quarter valued at approximately $458,000. XTX Topco Ltd acquired a new stake in WPP in the second quarter valued at approximately $311,000. Finally, Sei Investments Co. boosted its position in WPP by 17.2% in the second quarter. Sei Investments Co. now owns 14,727 shares of the business services provider’s stock valued at $674,000 after buying an additional 2,156 shares in the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

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.