Omnicom Group (OMC) : Verity Verity scooped up 1,086 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 62,607 shares of Omnicom Group which is valued at $5,275,266.Omnicom Group makes up approximately 1.84% of Verity Verity’s portfolio.
Other Hedge Funds, Including , Martingale Asset Management L P boosted its stake in OMC in the latest quarter, The investment management firm added 126,301 additional shares and now holds a total of 452,125 shares of Omnicom Group which is valued at $38,096,053. Omnicom Group makes up approx 0.61% of Martingale Asset Management L P’s portfolio. Shelton Capital Management added OMC to its portfolio by purchasing 3,282 company shares during the most recent quarter which is valued at $266,203. Omnicom Group makes up approx 0.02% of Shelton Capital Management’s portfolio.Concert Wealth Management reduced its stake in OMC by selling 8,406 shares or 60.1% in the most recent quarter. The Hedge Fund company now holds 5,581 shares of OMC which is valued at $459,260. Omnicom Group makes up approx 0.06% of Concert Wealth Management’s portfolio.Investment House boosted its stake in OMC in the latest quarter, The investment management firm added 3,360 additional shares and now holds a total of 69,653 shares of Omnicom Group which is valued at $5,736,621. Omnicom Group makes up approx 0.88% of Investment House’s portfolio.
Omnicom Group opened for trading at $84.75 and hit $84.99 on the upside on Tuesday, eventually ending the session at $84.67, with a gain of 0.28% or 0.24 points. The heightened volatility saw the trading volume jump to 10,19,319 shares. Company has a market cap of $20,028 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.
Investors should note that on Jul 14, 2016, Omnicom Group announced a cash dividend of $0.5500. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Omnicom Group. 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.