Omnicom Group Inc. $OMC Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its position in Omnicom Group Inc. (NYSE:OMC) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,377 shares of the business services provider’s stock after selling 967 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Omnicom Group were worth $2,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC raised its holdings in shares of Omnicom Group by 4.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 6,684 shares of the business services provider’s stock valued at $481,000 after buying an additional 281 shares during the period. Cerro Pacific Wealth Advisors LLC increased its stake in Omnicom Group by 30.5% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 7,944 shares of the business services provider’s stock worth $571,000 after purchasing an additional 1,856 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Omnicom Group by 14.5% during the second quarter. Fifth Third Wealth Advisors LLC now owns 5,164 shares of the business services provider’s stock worth $371,000 after purchasing an additional 653 shares in the last quarter. Conning Inc. boosted its stake in shares of Omnicom Group by 11.3% in the second quarter. Conning Inc. now owns 477,883 shares of the business services provider’s stock valued at $34,379,000 after purchasing an additional 48,461 shares during the period. Finally, Shayne & Jacobs LLC grew its holdings in shares of Omnicom Group by 17.7% in the second quarter. Shayne & Jacobs LLC now owns 41,321 shares of the business services provider’s stock valued at $2,973,000 after purchasing an additional 6,220 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $79.23 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The firm’s 50 day moving average is $77.22 and its two-hundred day moving average is $74.97. The firm has a market capitalization of $15.35 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.53 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Analyst Ratings Changes

OMC has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Monday, June 23rd. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.29.

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.