Koshinski Asset Management Inc. Sells 1,062 Shares of Omnicom Group Inc. $OMC

Koshinski Asset Management Inc. lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 23.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,411 shares of the business services provider’s stock after selling 1,062 shares during the period. Koshinski Asset Management Inc.’s holdings in Omnicom Group were worth $245,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in shares of Omnicom Group during the second quarter worth approximately $29,000. Zions Bancorporation National Association UT bought a new stake in shares of Omnicom Group during the first quarter worth approximately $34,000. Ameritas Advisory Services LLC bought a new stake in shares of Omnicom Group during the second quarter worth approximately $34,000. Gen Wealth Partners Inc bought a new stake in shares of Omnicom Group during the first quarter worth approximately $36,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after acquiring an additional 343 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average price target of $96.29.

Omnicom Group Trading Up 0.8%

Shares of OMC stock opened at $78.80 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock has a market cap of $15.27 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The stock has a 50 day simple moving average of $77.61 and a 200 day simple moving average of $74.95. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.07. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 earnings per share. On average, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group 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.