Bard Financial Services Inc. Reduces Stock Holdings in WPP plc (NYSE:WPP)

Bard Financial Services Inc. cut its position in shares of WPP plc (NYSE:WPP) by 36.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,305 shares of the business services provider’s stock after selling 19,450 shares during the period. Bard Financial Services Inc.’s holdings in WPP were worth $1,763,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of WPP by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 18,089 shares of the business services provider’s stock valued at $828,000 after buying an additional 2,286 shares during the period. Allspring Global Investments Holdings LLC increased its stake in WPP by 239.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,756 shares of the business services provider’s stock worth $126,000 after purchasing an additional 1,943 shares during the period. Natixis Advisors LLC increased its stake in WPP by 5.0% in the second quarter. Natixis Advisors LLC now owns 62,632 shares of the business services provider’s stock worth $2,867,000 after purchasing an additional 2,964 shares during the period. Caprock Group LLC bought a new stake in shares of WPP during the second quarter worth $294,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of WPP by 9.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,765 shares of the business services provider’s stock valued at $1,592,000 after purchasing an additional 2,862 shares during the period. 4.34% of the stock is currently owned by institutional investors.

WPP Stock Performance

NYSE WPP traded down $1.12 on Monday, reaching $49.28. 224,178 shares of the stock traded hands, compared to its average volume of 153,667. WPP plc has a 12 month low of $43.02 and a 12 month high of $57.37. The company has a fifty day moving average price of $53.40 and a 200-day moving average price of $50.06. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 8.03 and a beta of 1.27.

Analyst Upgrades and Downgrades

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

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.