Omnicom Group (OMC) : Exxonmobil Investment Management Inc Tx reduced its stake in Omnicom Group by 1.86% during the most recent quarter end. The investment management company now holds a total of 60,397 shares of Omnicom Group which is valued at $4,967,049 after selling 1,145 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Omnicom Group makes up approximately 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in OMC by selling 7,801 shares or 33.22% in the most recent quarter. The Hedge Fund company now holds 15,684 shares of OMC which is valued at $1,289,852. Omnicom Group makes up approx 0.17% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants boosted its stake in OMC in the latest quarter, The investment management firm added 255 additional shares and now holds a total of 1,200 shares of Omnicom Group which is valued at $99,540. Omnicom Group makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Hefty Wealth Partners reduced its stake in OMC by selling 4,716 shares or 44.09% in the most recent quarter. The Hedge Fund company now holds 5,980 shares of OMC which is valued at $496,041. Omnicom Group makes up approx 0.38% of Hefty Wealth Partners’s portfolio.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.Ct Mason reduced its stake in OMC by selling 710 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 66,278 shares of OMC which is valued at $5,497,760. Omnicom Group makes up approx 2.43% of Ct Mason’s portfolio.
Omnicom Group closed down -0.82 points or -0.99% at $82.24 with 18,37,949 shares getting traded on Friday. Post opening the session at $83, the shares hit an intraday low of $81.93 and an intraday high of $83.33 and the price fluctuated in this range throughout the day.Shares ended Friday 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. RBC Capital Mkts Initiated Omnicom Group on Oct 7, 2016 to “Sector Perform”, Price Target of the shares are set at $87.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.