HF Advisory Group LLC Acquires 1,280 Shares of WPP plc (NYSE:WPP)

HF Advisory Group LLC boosted its holdings in shares of WPP plc (NYSE:WPP) by 23.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,668 shares of the business services provider’s stock after purchasing an additional 1,280 shares during the quarter. HF Advisory Group LLC’s holdings in WPP were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mondrian Investment Partners LTD lifted its holdings in shares of WPP by 46.5% during the first quarter. Mondrian Investment Partners LTD now owns 3,350,015 shares of the business services provider’s stock worth $158,791,000 after buying an additional 1,062,708 shares during the last quarter. Brandes Investment Partners LP increased its position in WPP by 7.0% during the second quarter. Brandes Investment Partners LP now owns 652,269 shares of the business services provider’s stock worth $30,232,000 after acquiring an additional 42,690 shares during the period. Dimensional Fund Advisors LP raised its stake in WPP by 24.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock valued at $14,759,000 after purchasing an additional 63,363 shares during the last quarter. Envestnet Asset Management Inc. boosted 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 purchasing an additional 27,384 shares during the period. Finally, Bank of Montreal Can grew its position in WPP by 72.0% in the 2nd quarter. Bank of Montreal Can now owns 191,401 shares of the business services provider’s stock worth $9,247,000 after purchasing an additional 80,102 shares during the last quarter. Institutional investors and hedge funds own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WPP. Citigroup upgraded shares of WPP to a “strong-buy” rating in a research note on Thursday, August 8th. StockNews.com downgraded WPP from a “buy” rating to a “hold” rating in a research report on Monday.

WPP Price Performance

Shares of WPP stock opened at $55.34 on Thursday. WPP plc has a 52-week low of $42.49 and a 52-week high of $55.63. The company’s fifty day moving average price is $50.68 and its two-hundred day moving average price is $49.38.

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.