Fil Ltd Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Fil Ltd reduced its stake in Omnicom Group by 5.04% during the most recent quarter end. The investment management company now holds a total of 3,084,086 shares of Omnicom Group which is valued at $256,595,955 after selling 163,734 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Omnicom Group makes up approximately 0.79% of Fil Ltd’s portfolio.

Other Hedge Funds, Including , Ashfield Capital Partners reduced its stake in OMC by selling 874 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 12,170 shares of OMC which is valued at $1,012,544. Omnicom Group makes up approx 0.08% of Ashfield Capital Partners’s portfolio.Blackrock Fund Advisors boosted its stake in OMC in the latest quarter, The investment management firm added 130,369 additional shares and now holds a total of 3,998,933 shares of Omnicom Group which is valued at $322,274,010. Omnicom Group makes up approx 0.07% of Blackrock Fund Advisors’s portfolio.Ubs Asset Management Americas Inc reduced its stake in OMC by selling 23,324 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 591,105 shares of OMC which is valued at $47,004,670. Omnicom Group makes up approx 0.05% of Ubs Asset Management Americas Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in OMC by selling 6,188 shares or 14.47% in the most recent quarter. The Hedge Fund company now holds 36,586 shares of OMC which is valued at $2,920,295. Omnicom Group makes up approx 0.07% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Shell Asset Management Co reduced its stake in OMC by selling 5,103 shares or 22.44% in the most recent quarter. The Hedge Fund company now holds 17,634 shares of OMC which is valued at $1,407,546. Omnicom Group makes up approx 0.04% of Shell Asset Management Co’s portfolio.

Omnicom Group closed down -2.43 points or -2.78% at $84.85 with 21,95,062 shares getting traded on Monday. Post opening the session at $86.8, the shares hit an intraday low of $84.8 and an intraday high of $87.2 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 $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $1.04. The company had revenue of $3791.10 million for the quarter, compared to analysts expectations of $3805.82 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Omnicom Group. Company shares were Reiterated by Pivotal Research Group on Oct 17, 2016 to “Hold”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .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.

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.

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