Wbi Investments adds Omnicom Group (OMC) to its portfolio

Omnicom Group (OMC) : Wbi Investments added new position in Omnicom Group during the most recent quarter end. The investment management firm now holds 383,862 shares of Omnicom Group which is valued at $31,937,318 , the company said in a statement filed on Nov 14, 2016 with the SEC.Omnicom Group makes up approximately 1.20% of Wbi Investments’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Investment Management Company boosted its stake in OMC in the latest quarter, The investment management firm added 14,330 additional shares and now holds a total of 23,401 shares of Omnicom Group which is valued at $1,946,963. Omnicom Group makes up approx 0.04% of Northwestern Mutual Investment Management Company’s portfolio.Montag A Associates Inc reduced its stake in OMC by selling 2,000 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 28,000 shares of OMC which is valued at $2,256,520. Omnicom Group makes up approx 0.29% of Montag A Associates Inc’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in OMC by selling 10,700 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 269,300 shares of OMC which is valued at $21,274,700. Omnicom Group makes up approx 0.25% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in OMC by selling 1,264 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 48,835 shares of OMC which is valued at $3,857,965. Omnicom Group makes up approx 0.03% of Public Employees Retirement Association Of Colorado’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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