Acropolis Investment Management LLC Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Acropolis Investment Management LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,256 shares of the business services provider’s stock after acquiring an additional 507 shares during the quarter. Acropolis Investment Management LLC’s holdings in Omnicom Group were worth $868,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OMC. Vanguard Group Inc. lifted its position in shares of Omnicom Group by 11.8% in the second quarter. Vanguard Group Inc. now owns 24,748,714 shares of the business services provider’s stock valued at $2,028,158,000 after acquiring an additional 2,606,099 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Omnicom Group by 507.7% in the second quarter. Nuveen Asset Management LLC now owns 1,970,291 shares of the business services provider’s stock valued at $161,465,000 after purchasing an additional 1,646,082 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Omnicom Group by 301.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,899,092 shares of the business services provider’s stock valued at $138,615,000 after purchasing an additional 1,425,817 shares during the last quarter. BlackRock Inc. increased its stake in Omnicom Group by 6.2% in the second quarter. BlackRock Inc. now owns 17,320,377 shares of the business services provider’s stock valued at $1,419,404,000 after purchasing an additional 1,014,998 shares during the last quarter. Finally, Longview Partners Guernsey LTD boosted its position in shares of Omnicom Group by 14.2% in the second quarter. Longview Partners Guernsey LTD now owns 7,650,110 shares of the business services provider’s stock worth $626,927,000 after buying an additional 951,339 shares during the period.

OMC has been the topic of several analyst reports. ValuEngine cut Omnicom Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Citigroup lowered their price target on Omnicom Group from $87.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Wells Fargo & Co began coverage on Omnicom Group in a research report on Monday, September 23rd. They set a “market perform” rating and a $81.00 price target on the stock. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating and set a $82.00 price target on the stock in a research report on Monday. Finally, Barclays set a $84.00 price target on Omnicom Group and gave the company a “hold” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $80.14.

Shares of NYSE:OMC traded up $0.31 during midday trading on Tuesday, hitting $75.47. 1,940,221 shares of the stock were exchanged, compared to its average volume of 1,774,003. Omnicom Group Inc. has a 52-week low of $68.28 and a 52-week high of $85.05. The business’s fifty day simple moving average is $77.31 and its two-hundred day simple moving average is $78.85. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.76 and a current ratio of 0.85. The company has a market capitalization of $16.24 billion, a PE ratio of 13.13, a P/E/G ratio of 2.44 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.03. Omnicom Group had a return on equity of 43.86% and a net margin of 8.89%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the company earned $1.32 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Omnicom Group Inc. will post 6.04 EPS for the current year.

In other Omnicom Group news, SVP Andrew Castellaneta sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $80.16, for a total transaction of $160,320.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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