BKM Wealth Management LLC Has $1.33 Million Position in Omnicom Group Inc. $OMC

BKM Wealth Management LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,443 shares of the business services provider’s stock after purchasing an additional 1,963 shares during the quarter. BKM Wealth Management LLC’s holdings in Omnicom Group were worth $1,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J2 Capital Management Inc acquired a new stake in Omnicom Group in the 2nd quarter worth approximately $383,000. Golden State Wealth Management LLC lifted its holdings in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after purchasing an additional 343 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Omnicom Group by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after purchasing an additional 887,415 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Omnicom Group in the 1st quarter worth approximately $1,357,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Omnicom Group by 34.8% in the 2nd quarter. Exchange Traded Concepts LLC now owns 13,300 shares of the business services provider’s stock worth $957,000 after purchasing an additional 3,433 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on OMC shares. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group Stock Performance

OMC opened at $77.48 on Friday. The stock has a market cap of $15.01 billion, a PE ratio of 11.12, a P/E/G ratio of 1.51 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The stock’s 50 day simple moving average is $77.40 and its 200-day simple moving average is $74.89.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.