Advisory Alpha LLC Has $273,000 Holdings in Omnicom Group Inc. $OMC

Advisory Alpha LLC reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,792 shares of the business services provider’s stock after selling 156 shares during the quarter. Advisory Alpha LLC’s holdings in Omnicom Group were worth $273,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Harbor Asset Planning Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at about $29,000. Zions Bancorporation National Association UT bought a new position in shares of Omnicom Group during the first quarter worth about $34,000. Gen Wealth Partners Inc bought a new position in shares of Omnicom Group during the first quarter worth about $36,000. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group during the second quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Omnicom Group during the first quarter worth about $43,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC opened at $75.08 on Friday. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.43 and a beta of 0.96. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The company’s fifty day simple moving average is $77.80 and its 200 day simple moving average is $75.17. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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 company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Omnicom Group Company 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.