Omnicom Group (OMC) : Boussard Gavaudan Investment Management Llp scooped up 236,391 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 237,751 shares of Omnicom Group which is valued at $19,283,984.Omnicom Group makes up approximately 4.33% of Boussard Gavaudan Investment Management Llp’s portfolio.
Other Hedge Funds, Including , Forward Management reduced its stake in OMC by selling 80 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 5,254 shares of OMC which is valued at $426,152. Omnicom Group makes up approx 0.03% of Forward Management’s portfolio.Proficio Capital Partners reduced its stake in OMC by selling 20 shares or 28.17% in the most recent quarter. The Hedge Fund company now holds 51 shares of OMC which is valued at $4,197.First National Trust Co boosted its stake in OMC in the latest quarter, The investment management firm added 1,368 additional shares and now holds a total of 11,896 shares of Omnicom Group which is valued at $979,755. Omnicom Group makes up approx 0.15% of First National Trust Co’s portfolio. Americafirst Capital Management added OMC to its portfolio by purchasing 1,017 company shares during the most recent quarter which is valued at $85,103. Omnicom Group makes up approx 0.06% of Americafirst Capital Management’s portfolio.
Omnicom Group closed down -0.5 points or -0.61% at $81.94 with 8,29,918 shares getting traded on Monday. Post opening the session at $82.59, the shares hit an intraday low of $81.82 and an intraday high of $82.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Omnicom Group reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.33. The company had revenue of $3884.90 million for the quarter, compared to analysts expectations of $3906.11 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
Investors should note that on Jul 14, 2016, Omnicom Group announced a cash dividend of $0.5500. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Omnicom Group. Company shares were Reiterated by Telsey Advisory Group on Jul 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .
Omnicom Group Inc. is a holding company. The Company provides advertising marketing and corporate communications services. The Company’s branded networks and agencies operate in markets around the world and provide a range of services which it groups into four disciplines: advertising customer relationship management (CRM) public relations and specialty communications. Its services in these disciplines include advertising brand consultancy content marketing corporate social responsibility consulting crisis communications data analytics and database management among others. Its advertising brands include BBDO Worldwide DDB Worldwide and TBWA Worldwide. The Company’s branded agency networks operate in geographic regions including the Americas which includes North America and Latin America; EMEA which includes Europe the Middle East and Africa and Asia Pacific which includes Australia China India Japan Korea New Zealand Singapore and other Asian countries.