Jacobi Capital Management LLC Invests $183,000 in Wpp Plc (WPP)

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Jacobi Capital Management LLC acquired a new position in shares of Wpp Plc (NYSE:WPP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,500 shares of the business services provider’s stock, valued at approximately $183,000.

Several other hedge funds also recently added to or reduced their stakes in WPP. Morningstar Investment Services LLC bought a new position in shares of WPP during the 3rd quarter worth about $62,429,000. Brandes Investment Partners LP bought a new position in shares of WPP during the 3rd quarter worth about $60,894,000. Mondrian Investment Partners LTD bought a new position in shares of WPP during the 3rd quarter worth about $36,879,000. Renaissance Technologies LLC bought a new position in shares of WPP during the 3rd quarter worth about $24,633,000. Finally, First Trust Advisors LP bought a new position in shares of WPP during the 3rd quarter worth about $23,467,000. 4.64% of the stock is currently owned by institutional investors.

WPP opened at $52.13 on Friday. Wpp Plc has a fifty-two week low of $51.75 and a fifty-two week high of $103.53.

A number of equities research analysts recently weighed in on WPP shares. ValuEngine upgraded shares of WPP from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. Pivotal Research upgraded shares of WPP from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research lowered shares of WPP from a “buy” rating to a “sell” rating in a report on Friday, September 7th. Finally, Kepler Capital Markets restated a “hold” rating on shares of WPP in a report on Friday, October 26th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $107.00.

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About WPP

WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.

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Institutional Ownership by Quarter for WPP (NYSE:WPP)

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