Omnicom Group Inc. $OMC Stock: TD Waterhouse Canada Inc. Decreases Position

TD Waterhouse Canada Inc. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,571 shares of the business services provider’s stock after selling 31,309 shares during the period. TD Waterhouse Canada Inc.’s holdings in Omnicom Group were worth $7,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC lifted its holdings in Omnicom Group by 3.1% in the 2nd quarter. Pure Financial Advisors LLC now owns 4,464 shares of the business services provider’s stock worth $325,000 after buying an additional 135 shares in the last quarter. Tranquilli Financial Advisor LLC boosted its position in Omnicom Group by 2.0% in the 2nd quarter. Tranquilli Financial Advisor LLC now owns 7,610 shares of the business services provider’s stock valued at $554,000 after buying an additional 148 shares during the last quarter. Caldwell Trust Co grew its stake in shares of Omnicom Group by 29.0% during the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 149 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Omnicom Group by 39.1% during the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 153 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in shares of Omnicom Group by 3.8% during the first quarter. Brown Lisle Cummings Inc. now owns 4,776 shares of the business services provider’s stock worth $360,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $79.43 on Tuesday. The firm has a market cap of $21.79 billion, a PE ratio of 68.47, a price-to-earnings-growth ratio of 0.68 and a beta of 0.68. The firm’s 50-day simple moving average is $80.84 and its 200-day simple moving average is $78.36. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $89.57.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%. The business’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. Equities analysts forecast that Omnicom Group Inc. will post 10.50 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on OMC. Zacks Research upgraded Omnicom Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Barclays lowered their price objective on Omnicom Group from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Wells Fargo & Company raised their price objective on Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Argus upgraded Omnicom Group to a “hold” rating in a report on Monday, September 14th. Finally, Citigroup cut their target price on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.75.

Insider Activity at Omnicom Group

In related news, Director Linda Rice sold 1,385 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the transaction, the director owned 11,719 shares in the company, valued at $1,039,826.87. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management, and digital marketing services. The company works with organizations across industries to develop brand strategies, create content, manage media campaigns, and engage customers through traditional and digital channels.

Omnicom operates through a network of independently branded agencies, including BBDO Worldwide, DDB Worldwide, TBWA Worldwide, Omnicom Media Group, FleishmanHillard, Ketchum, Porter Novelli, RAPP, and several specialized healthcare, experiential, and data-driven marketing agencies.