WPP (NYSE:WPP) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of WPP (NYSE:WPP) from a hold rating to a buy rating in a report issued on Saturday morning.

WPP Price Performance

Shares of WPP stock opened at $48.51 on Friday. WPP has a 12 month low of $41.13 and a 12 month high of $55.55. The stock has a 50 day moving average of $49.15 and a 200-day moving average of $48.35. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Truist Financial Corp raised its stake in shares of WPP by 2.2% in the fourth quarter. Truist Financial Corp now owns 13,717 shares of the business services provider’s stock valued at $653,000 after purchasing an additional 292 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in WPP by 8.4% in the second quarter. Aaron Wealth Advisors LLC now owns 4,707 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 364 shares during the period. Quadrant Capital Group LLC grew its position in WPP by 8.6% in the fourth quarter. Quadrant Capital Group LLC now owns 5,443 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 431 shares during the period. EverSource Wealth Advisors LLC grew its position in WPP by 62.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 505 shares during the period. Finally, Center for Financial Planning Inc. grew its position in WPP by 8.3% in the fourth quarter. Center for Financial Planning Inc. now owns 6,666 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 513 shares during the period. 4.34% of the stock is currently owned by institutional investors and hedge funds.

WPP Company 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.