Longview Partners Guernsey LTD reduced its position in Omnicom Group Inc. (NYSE:OMC) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,404,856 shares of the company’s stock after selling 145,770 shares during the period. Omnicom Group comprises about 2.4% of Longview Partners Guernsey LTD’s holdings, making the stock its 22nd largest position. Longview Partners Guernsey LTD owned approximately 1.86% of Omnicom Group worth $358,952,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in Omnicom Group by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,230 shares of the company’s stock worth $263,000 after buying an additional 31 shares during the last quarter. Dowling & Yahnke LLC increased its stake in shares of Omnicom Group by 1.3% in the second quarter. Dowling & Yahnke LLC now owns 4,243 shares of the company’s stock valued at $346,000 after buying an additional 53 shares during the last quarter. Trust Department MB Financial Bank N A increased its stake in shares of Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock valued at $123,000 after buying an additional 100 shares during the last quarter. Community Bank N.A. increased its stake in shares of Omnicom Group by 1.7% in the second quarter. Community Bank N.A. now owns 7,510 shares of the company’s stock valued at $611,000 after buying an additional 125 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Omnicom Group by 0.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,527 shares of the company’s stock valued at $1,509,000 after buying an additional 157 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.

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

Omnicom Group Inc. (NYSE:OMC) traded down 0.05% during midday trading on Monday, reaching $82.83. The company’s stock had a trading volume of 2,699,466 shares. The firm has a 50 day moving average price of $84.41 and a 200-day moving average price of $83.41. The company has a market cap of $19.59 billion, a P/E ratio of 18.12 and a beta of 1.35. Omnicom Group Inc. has a 12-month low of $66.48 and a 12-month high of $87.50.

OMC has been the subject of several recent research reports. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Thursday, October 6th. RBC Capital Markets reiterated a “hold” rating and issued a $87.00 price objective on shares of Omnicom Group in a research report on Sunday, October 9th. BMO Capital Markets reiterated a “hold” rating and issued a $80.00 price objective on shares of Omnicom Group in a research report on Sunday, July 17th. Albert Fried & Company reiterated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research report on Thursday, July 14th. Finally, Pivotal Research boosted their price objective on Omnicom Group from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Monday. Twelve research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and a consensus price target of $83.86.

In other news, Director Linda Johnson Rice sold 824 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total value of $69,669.20. Following the completion of the sale, the director now directly owns 30,440 shares of the company’s stock, valued at approximately $2,573,702. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Omnicom Group Company Profile

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 all 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.

5 Day Chart for NYSE:OMC

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