WPP (NYSE:WPP) Upgraded by Kepler Capital Markets to “Buy” Rating

Kepler Capital Markets upgraded shares of WPP (NYSE:WPP) from a hold rating to a buy rating in a report issued on Friday morning, Marketbeat reports.

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

WPP Price Performance

Shares of WPP opened at $45.87 on Friday. The firm has a 50 day simple moving average of $51.03 and a 200-day simple moving average of $49.87. WPP has a 1-year low of $43.02 and a 1-year high of $57.37.

Hedge Funds Weigh In On WPP

A number of institutional investors have recently modified their holdings of WPP. Hotchkis & Wiley Capital Management LLC boosted its position in WPP by 47.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,356,064 shares of the business services provider’s stock worth $274,016,000 after acquiring an additional 1,734,750 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of WPP in the third quarter valued at $35,757,000. Brandes Investment Partners LP increased its stake in WPP by 7.0% in the second quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock valued at $30,232,000 after purchasing an additional 42,690 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in WPP by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock worth $14,759,000 after buying an additional 63,363 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in WPP by 15.9% in the 2nd 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 during the period. 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.