Pratt Collard Advisory Partners LLC Cuts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Pratt Collard Advisory Partners LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,047 shares of the business services provider’s stock after selling 250 shares during the period. Pratt Collard Advisory Partners LLC’s holdings in Omnicom Group were worth $317,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Omnicom Group by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,748,714 shares of the business services provider’s stock worth $2,028,158,000 after buying an additional 2,606,099 shares during the period. BlackRock Inc. increased its stake in Omnicom Group by 6.2% during the 2nd quarter. BlackRock Inc. now owns 17,320,377 shares of the business services provider’s stock worth $1,419,404,000 after buying an additional 1,014,998 shares during the period. Longview Partners Guernsey LTD increased its stake in Omnicom Group by 14.2% during the 2nd 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. Fiduciary Management Inc. WI increased its stake in Omnicom Group by 16.5% during the 2nd quarter. Fiduciary Management Inc. WI now owns 5,086,196 shares of the business services provider’s stock worth $416,814,000 after buying an additional 721,926 shares during the period. Finally, Northern Trust Corp increased its stake in Omnicom Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,800,721 shares of the business services provider’s stock worth $311,468,000 after buying an additional 62,032 shares during the period.

Several research firms recently issued reports on OMC. Citigroup dropped their price target on shares of Omnicom Group from $87.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating and set a $82.00 price target on the stock in a research note on Monday. BMO Capital Markets downgraded shares of Omnicom Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $88.00 to $86.00 in a research note on Sunday, July 14th. ValuEngine downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Co began coverage on shares of Omnicom Group in a research note on Monday, September 23rd. They set a “market perform” rating and a $81.00 price target on the stock. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $82.50.

OMC stock traded down $0.60 during mid-day trading on Friday, hitting $75.43. 1,102,919 shares of the company were exchanged, compared to its average volume of 1,938,047. The company has a market capitalization of $16.54 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 1.81. Omnicom Group Inc. has a twelve month low of $68.58 and a twelve month high of $85.05. The firm has a fifty day simple moving average of $77.31 and a 200 day simple moving average of $78.89.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.64 billion. Omnicom Group had a net margin of 8.88% and a return on equity of 43.94%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 6.02 earnings per share for the current year.

Omnicom Group Company 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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