Leuthold Group Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Leuthold Group reduced its stake in Omnicom Group by 5.31% during the most recent quarter end. The investment management company now holds a total of 174,367 shares of Omnicom Group which is valued at $14,507,334 after selling 9,769 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Omnicom Group makes up approximately 1.53% of Leuthold Group’s portfolio.

Other Hedge Funds, Including , Van Strum Towne boosted its stake in OMC in the latest quarter, The investment management firm added 215 additional shares and now holds a total of 52,426 shares of Omnicom Group which is valued at $4,361,843. Omnicom Group makes up approx 2.84% of Van Strum Towne’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in OMC in the latest quarter, The investment management firm added 2,836 additional shares and now holds a total of 487,658 shares of Omnicom Group which is valued at $39,193,073. Omnicom Group makes up approx 0.08% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Cleararc Capital Inc boosted its stake in OMC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 5,777 shares of Omnicom Group which is valued at $464,297. Omnicom Group makes up approx 0.09% of Cleararc Capital Inc’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in OMC by selling 1,338 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 6,439,534 shares of OMC which is valued at $518,962,045. Omnicom Group makes up approx 0.08% of Blackrock Institutional Trust Company N.a.’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in OMC in the latest quarter, The investment management firm added 8,361 additional shares and now holds a total of 431,391 shares of Omnicom Group which is valued at $34,079,889. Omnicom Group makes up approx 0.10% of Mizuho Trust Banking Ltd.’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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