Professional Advisory Services Inc Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Professional Advisory Services Inc reduced its stake in Omnicom Group by 4.84% during the most recent quarter end. The investment management company now holds a total of 152,324 shares of Omnicom Group which is valued at $12,648,985 after selling 7,740 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Omnicom Group makes up approximately 2.82% of Professional Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in OMC by selling 130 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 945 shares of OMC which is valued at $78,473. Omnicom Group makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Webster Bank N. A. reduced its stake in OMC by selling 16 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 4,301 shares of OMC which is valued at $365,413. Omnicom Group makes up approx 0.05% of Webster Bank N. A.’s portfolio.Raymond James Trust N.a. reduced its stake in OMC by selling 4,841 shares or 9.07% in the most recent quarter. The Hedge Fund company now holds 48,554 shares of OMC which is valued at $4,035,808. Omnicom Group makes up approx 0.34% of Raymond James Trust N.a.’s portfolio.

Omnicom Group opened for trading at $82.72 and hit $83.35 on the upside on Monday, eventually ending the session at $83.04, with a gain of 0.31% or 0.26 points. The heightened volatility saw the trading volume jump to 10,43,419 shares. Company has a market cap of $19,743 M.

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.

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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