Ct Mason Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Ct Mason reduced its stake in Omnicom Group by 1.06% during the most recent quarter end. The investment management company now holds a total of 66,278 shares of Omnicom Group which is valued at $5,497,760 after selling 710 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Omnicom Group makes up approximately 2.43% of Ct Mason’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in OMC in the latest quarter, The investment management firm added 2,214 additional shares and now holds a total of 14,353 shares of Omnicom Group which is valued at $1,190,581. Omnicom Group makes up approx 0.07% of Eqis Capital Management’s portfolio.

Omnicom Group closed down -1.12 points or -1.33% at $83.32 with 12,47,981 shares getting traded on Tuesday. Post opening the session at $84.55, the shares hit an intraday low of $83.21 and an intraday high of $84.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Omnicom Group. Omnicom Group was Initiated by Credit Suisse to “Neutral” on Sep 15, 2016. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *