Tredje AP fonden Lowers Position in Omnicom Group Inc. (NYSE:OMC)

Tredje AP fonden trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 80.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,864 shares of the business services provider’s stock after selling 65,463 shares during the period. Tredje AP fonden’s holdings in Omnicom Group were worth $3,520,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Omnicom Group by 142.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,102 shares of the business services provider’s stock valued at $445,000 after buying an additional 4,762 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Omnicom Group by 34.3% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,362 shares of the business services provider’s stock valued at $624,000 after buying an additional 2,904 shares during the last quarter. AGF Investments LLC lifted its position in shares of Omnicom Group by 6.4% during the first quarter. AGF Investments LLC now owns 5,061 shares of the business services provider’s stock valued at $278,000 after buying an additional 305 shares during the last quarter. NewSquare Capital LLC lifted its position in shares of Omnicom Group by 3.3% during the first quarter. NewSquare Capital LLC now owns 21,751 shares of the business services provider’s stock valued at $1,194,000 after buying an additional 690 shares during the last quarter. Finally, AGF Investments Inc. lifted its position in shares of Omnicom Group by 2.3% during the first quarter. AGF Investments Inc. now owns 756,646 shares of the business services provider’s stock valued at $41,540,000 after buying an additional 16,710 shares during the last quarter.

Shares of Omnicom Group stock traded down $0.08 during midday trading on Friday, hitting $51.78. The company had a trading volume of 2,024,263 shares, compared to its average volume of 2,647,279. Omnicom Group Inc. has a 12-month low of $46.37 and a 12-month high of $85.05. The company has a fifty day simple moving average of $53.50 and a 200 day simple moving average of $69.46. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 2.16. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.70 and a beta of 0.76.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Omnicom Group had a net margin of 8.96% and a return on equity of 43.58%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company earned $1.17 EPS. Omnicom Group’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts expect that Omnicom Group Inc. will post 4.36 EPS for the current year.

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $90.00 to $73.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. Morgan Stanley decreased their price objective on shares of Omnicom Group from $78.00 to $57.00 and set an “underweight” rating for the company in a research report on Tuesday, April 28th. Cfra decreased their price objective on shares of Omnicom Group from $80.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. ValuEngine lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Citigroup raised shares of Omnicom Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $86.00 to $60.00 in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.88.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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