Bard Financial Services Inc. Sells 24,610 Shares of WPP plc (NYSE:WPP)

Bard Financial Services Inc. cut its stake in WPP plc (NYSE:WPP) by 71.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,695 shares of the business services provider’s stock after selling 24,610 shares during the period. Bard Financial Services Inc.’s holdings in WPP were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in WPP by 11.9% in the 4th quarter. Invesco Ltd. now owns 1,623,960 shares of the business services provider’s stock valued at $83,472,000 after purchasing an additional 172,212 shares during the period. Dimensional Fund Advisors LP boosted its holdings in WPP by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 484,996 shares of the business services provider’s stock valued at $24,928,000 after purchasing an additional 35,412 shares during the period. Northern Trust Corp boosted its holdings in WPP by 83.5% in the 4th quarter. Northern Trust Corp now owns 253,640 shares of the business services provider’s stock valued at $13,037,000 after purchasing an additional 115,416 shares during the period. Raymond James Financial Inc. bought a new stake in WPP in the 4th quarter valued at $8,724,000. Finally, Optiver Holding B.V. boosted its holdings in WPP by 104.6% in the 4th quarter. Optiver Holding B.V. now owns 141,488 shares of the business services provider’s stock valued at $7,272,000 after purchasing an additional 72,342 shares during the period. 4.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of WPP in a report on Wednesday, March 26th. They set a “neutral” rating for the company. Wall Street Zen downgraded shares of WPP from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Barclays downgraded shares of WPP from an “overweight” rating to an “equal weight” rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

WPP Stock Performance

NYSE:WPP opened at $37.46 on Thursday. The company has a 50-day moving average of $37.88 and a 200-day moving average of $43.83. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 7.06 and a beta of 1.05. WPP plc has a 52 week low of $31.52 and a 52 week high of $57.37.

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.