Tredje AP fonden Purchases 4,921 Shares of Omnicom Group Inc. $OMC

Tredje AP fonden raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 32.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,319 shares of the business services provider’s stock after buying an additional 4,921 shares during the quarter. Tredje AP fonden’s holdings in Omnicom Group were worth $1,462,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Robinson Value Management Ltd. increased its position in Omnicom Group by 0.4% during the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock valued at $2,837,000 after buying an additional 139 shares in the last quarter. Financial Advisors Network Inc. increased its holdings in shares of Omnicom Group by 6.1% during the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 159 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Omnicom Group by 0.8% during the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 165 shares in the last quarter. Resonant Capital Advisors LLC raised its position in shares of Omnicom Group by 2.7% in the 2nd quarter. Resonant Capital Advisors LLC now owns 6,288 shares of the business services provider’s stock worth $457,000 after purchasing an additional 168 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Omnicom Group by 39.1% in the 1st quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Barclays increased their target price on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.57.

Omnicom Group Price Performance

NYSE OMC opened at $74.95 on Monday. The company has a 50-day moving average price of $77.71 and a 200-day moving average price of $75.17. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $14.46 billion, a P/E ratio of 11.07, a PEG ratio of 1.43 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

About Omnicom Group

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.